Solana is once again testing its high-volume demand zone near $155–$160 — a level that previously launched it toward local highs near $210. With price dipping back into this area and Stoch RSI bottoming out, the stage is set for a potential bounce play.
🔹 Structure & Key Zones
The blue box marks a clear price memory zone — tested multiple times throughout late July and early August.
Each bounce from this zone has led to significant rallies — suggesting strong underlying demand.
Two major resistance levels remain overhead: ~$195 (lower high supply) and ~$210 (range high).
🔹 Momentum Context
Stoch RSI is once again in the oversold zone, hinting at possible short-term reversal momentum.
A clean reaction from this demand area could lead to a strong leg higher — especially if the $170–$175 zone is reclaimed.
🔹 Trade Scenario
Potential setup: price tags demand → forms a local higher low → pushes through short-term resistance toward the upper range.
If this bounce plays out, bulls may target the $195–$205 zone — creating a potential 30%+ move.
Is SOL ready to bounce — or will this demand zone finally give way?
Comment below and share your setup 👇
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