$SOL RETESTING SUPPORT AFTER STEADY BLEED: BREAKDOWN OR BOUNCE?
$SOL is trading at $173.06, down -1.69% on the day and -3.04% over 24 hours. After failing to reclaim the $174.50–$175.00 resistance zone, Solana is now flirting with the day’s low support. Pressure remains on the downside, and the next move could define near-term direction.
Key Technical Levels:
• Immediate Resistance: $174.20 – $175.00
A clean break above this could trigger a relief rally.
• Critical Support: $172.80 – $172.50
Price is currently testing this zone. Losing it may expose $170.00 quickly.
Trade Setup:
Bullish Scenario:
• Entry: Above $174.20
• TP1: $175.50
• TP2: $177.00
Bearish Scenario:
• Entry: Below $172.50
• TP1: $170.80
• TP2: $168.50
Stop-Loss Levels:
• Longs: Below $172.80
• Shorts: Above $174.60
Solana is at a decision point. A bounce from $172.80 could invite intraday scalps, while a breakdown may deepen losses toward $170. Bulls must reclaim $174.20 soon or risk a trend continuation downward.