🟠 $SOL /USDT – Monthly Outlook: Holding the Line or Losing Steam?
Solana is still trading within a wide macro range after a huge rally, and the current monthly candle suggests hesitation near the long-term support zone. Let’s zoom out and assess the trend from a higher time frame view.
📊 Current Price: $145.47 (+1.44%)
🕓 Timeframe: 1M (Monthly)
📉 Moving Averages (Macro View):
• MA(20): $151.71 (Currently acting as resistance)
• MA(50): $97.05 (Major trendline support from 2023 base)
⚠️ SOL has closed below MA20 — a caution signal for bulls — but remains far above MA50, meaning long-term structure isn’t broken yet.
📉 Long-Term Behavior & Structure:
• Price peaked at $295.83 and sharply corrected
• Strong bounce from $100 area, now attempting to reclaim the mid-range
• But current candle shows indecision — possibly lower high formation
• Volume is declining month-over-month → weakening bullish momentum
📊 Momentum and Risk Zones:
• RSI & MACD not shown here, but price pattern suggests neutral-to-bearish tilt
• No parabolic structure at this point, but mid-cycle correction underway
🧱 Key Macro Levels:
• Major Resistance: $185 → $200 zone
• Local Resistance: $151.71 (MA20)
• Major Support: $97 (MA50)
• Critical Support: $120 zone (base of last major bounce)
📌 Long-Term Outlook:
🔽 Bearish Case: If SOL fails to reclaim MA20 and closes below $140 again, it risks retesting $120 – $100 zone
🔼 Bullish Case: A monthly close above $152 could reopen upside toward $185 – $200
📉 Neutral Case: Consolidation between $130 and $155 could continue for a few more candles before breakout direction becomes clear
⚠️ DYOR – This is a monthly view, so patience is key. SOL remains structurally strong above $100, but the $150–$155 level is the battleground. Monitor monthly close for conviction.
📣 Are you accumulating SOL for the next bull leg or waiting for deeper dips before entry? 💬