SOL/USDT – Final Liquidity Zone Before Expansion?
$SOL is currently moving inside a descending channel on the 1-hour timeframe. Price has reached the lower boundary and is now showing signs of a potential breakout, with a possible retest of the upper boundary.
The RSI is displaying a bearish bias, sitting near its lower range, and a corrective bounce to the upside is likely.
A key support level exists around 130, highlighted in green. Price has respected this zone multiple times, and another rebound from this area is expected.
We also see price attempting to stabilize above the 100-period moving average, which it is now approaching — adding further support to the bullish scenario.
Entry: 132
Target 1: 134
Target 2: 137
Target 3: 140
Always follow proper risk and money management.
Place your stop-loss just below the green support zone.
If you have any questions, feel free to comment.
Thank you!
✅ Trade $SOL
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