SOLUSD Index in a Critical Area: Bounce or Collapse? | Price Action
SolUSD has entered a major demand zone between $146.92 and $150.77, maintaining its price over the past twenty-four hours. Buyers show signs of entering after a long downward trend - is this the beginning of a bullish reversal?
🔶 Key Technical Areas:
Demand Zone (Support): $146.92 - $150.77 🟠 Medium-term Resistance: $165.70
🔷 Main Supply Zone: $183.18
🔵 📌 Current Price: $150.77 🔍
Recent Reaction: Strong bounce from the demand low, indicating potential accumulation
🚀 Bullish Targets if Momentum Builds:
1. TP1: $165.70 (~ + 10%)
2. TP2: $183.18 (~ + 21%)
🔔 What to Watch: Close of a bullish engulfing candle on the hourly or 4-hour chart, break and retest of $155 for confirmation, RSI/volume divergence, or early reversal patterns
📉 Bearish Scenario: A breakdown below $146.92 opens the door for a return to levels below $140 - caution is advised if support fails.
💬 Your Expectations: Will the rise push Solana's price to $180, or is another downward wave coming? Share your predictions in the comments 👇
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