SOL has been tightening up and the chart looks like it's getting ready for a real decision. Over the next few sessions, we’ll likely see whether this turns into a fresh bullish leg higher — or one final flush before acceleration.
Main zone to watch: $160–$175
Whoever wins this zone likely controls the next major move.
Why This Setup Matters
Market structure:
SOL ripped in a clean 5-wave move, then cooled off in a textbook correction. Now price is squeezing near a strong demand pocket — classic pre-move behavior.
Momentum:
RSI hanging around low-30s → oversold but stabilizing.
MACD flat under zero → sellers are running out of energy.
Volume:
Drying up — exactly what you see before a volatility expansion.
Key Levels
✅ Bullish case: Holding above $163, then daily closes above $170–$175
If that happens → targets $181, $191, $217
❌ Bearish case: Clean breakdown below $160
That opens $150, then $142–$145 if liquidity gets hunted.
Simple view: whoever wins $160–$175 likely drives the next $20–$40 swing.
Market Signals
RSI ~32 → stretched, bounce fuel if buyers step in
MACD curling → momentum shift brewing
Price pattern → higher lows & flat resistance = potential ascending structure if $163–$165 holds
Game Plan (Not Financial Advice)
Breakout traders:
Wait for daily close above $175, invalidation near $168–$170
Range traders:
Play the band $163–$175 only if you see clear rejection + tight stop
If wrong:
Daily close below $160 → step aside until $150 reacts
Reminder:
Small size in chop. Scale only on confirmation. Your stop loss is your bodyguard.
Fundamentals Snapshot
Nothing changed in Solana’s core value:
Fast chain. Cheap fees. Active user base. Real apps shipping.
Weakness looks cyclical, not structural — but price still has to prove it.
What to Watch This Week
Daily candles around $170–$175
Volume increase on any breakout
MACD flip + RSI reclaim mid-40s range
Disclaimer:
This is market commentary — not financial advice. Crypto moves fast. Manage risk and stay prepared.
