As a spot trader and a long-term investor in Solana, I see the importance of analyzing the Solana chart for my followers—to help you better understand the market and make informed decisions.
I’ve noticed many of you asking about Solana in the comments, so I felt it was necessary to break the chart down for you.
Is Solana a good coin?
Absolutely! Solana is a solid project with strong utility, and I personally trade it often. However, I always structure my portfolio based on the overall market trend.
My sentiment on Solana (General view)
Overall, I see the potential for another dip on $SOL
Please take your time to read this thoroughly so you can fully understand my sentiment.
Currently, Solana is trading around $150. Based on my outlook, it might see a short-term pump, followed by a sharp drop—possibly towards the $90–$80 range—before making a move toward a new high just as displayed on my screen ⬆️⬆️⬆️
This is my current view, and I’ll hold this position unless we see a clear invalidation. I’ll share updates and confirmation signals, so stay tuned and read every carefully.
Where should we be expecting reversal on Solana
Base on my analysis market might move towards 180$-185$ resistance area and then followed by a big dip towards the strong support zone at 80$ area
Note: I consider the current zone also a resistance due to $BTC current trend
Invalidation
Solana Invalidation Zone🔼🔼⬆️
If the market gives us a new high above $190 and closes strong on the daily or weekly timeframe, I’ll consider this analysis invalid. In that case, I’ll share a fresh update—possibly signaling a shift to a bullish bias.
Note:
For now, I still hold a bearish outlook. Based on my current analysis, the recent pump appears weak and may not be strong enough to sustain upward momentum—suggesting a potential crash is still on the table.
Disclaimer: This analysis is provided to support traders and investors in making informed decisions about the market.
Please remember that any action you take is entirely your responsibility — I’m here simply to assist and educate.
It’s your money, so be sure you fully understand your choices.
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