?📊 $SOL Testing Resistance: Will $164 Break or Pushback Again?
Current Price: $162.97
Market Sentiment: Cautiously Bullish
Solana is grinding higher, approaching a critical resistance zone between $163.90–$164.50 after reclaiming its intraday support. While the short-term structure has flipped bullish, volume remains modest, and momentum isn't fully confirmed.
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🔍 Key Technical Levels:
🔺 Resistance Zone: $163.90 – $164.50
🔻 Support Zone: $161.70 – $162.00
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🧠 Trade Setup:
📈 Bullish Bias:
Entry: Break and close above $164.50
TP1: $166.00
TP2: $168.00
📉 Bearish Bias:
Entry: Rejection + breakdown below $161.70
TP1: $160.50
TP2: $158.90
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⚖️ Market Structure:
Order book is evenly split (49.76% vs 50.24%), signaling indecision.
A clear breakout above $164 is essential for continuation. Without that, we may see another range rejection.
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⏳ Conclusion:
SOL is at a turning point. Stay patient, wait for confirmation, and manage your risk accordingly. No need to front-run a breakout without volume.
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