1. Solana ($SOL

    ) appears poised for a potential rebound toward the $250 mark, following a recent price decline and subsequent signs of market stabilization. When an asset’s long leverage surpasses short leverage after a sustained downturn, it often signals the formation of a local bottom—a pattern currently emerging in Solana’s market.

    After a 11.44% price drop over the past two days, $SOL touched a low of $222.63 before recovering to $231.08. Despite the short-term dip, the overall bullish trend remains intact, supported by the falling wedge breakout, which has not been invalidated.

    Technical Indicators Supporting a Recovery

    🔹 Bollinger Bands suggest that Solana is testing support around $226.60, which aligns with the middle band—a key level that typically attracts buyers looking to re-enter the market.

    🔹 The Accumulation/Distribution Line (ADL) at 1,592.87 indicates strong buying interest, even amidst recent selling pressure, suggesting that demand remains strong despite the recent pullback.

    🔹 If $SOL holds above the $226 level, it could build momentum toward $250, with the upper Bollinger Band at $281.12 acting as the next major resistance.

    However, failure to sustain support at $222 may lead to further declines, with $184 as the next significant support zone to watch.

    Outlook: Bullish Momentum Gaining Strength

    The surge in trading volume during the recent downturn suggests a potential capitulation event, which often precedes a trend reversal. If SOL maintains stability above key support levels, a strong upward push seems likely in the near future.

    Unless the $222 support level is broken, momentum appears to be shifting positively, setting the stage for a potential rally toward $250 and beyond.

    📊 Key Takeaway: Traders should closely monitor volume, support levels, and overall market sentiment for confirmation of this bullish continuation.

    #SOL #CryptoTrading #SolanaAnalysis #MarketTrend 🚀