If $SOL is in an uptrend (higher highs/higher lows) or consolidating within a range at $120–$150.
Key Support/Resistance Levels:
Support: $130 (psychological level), $120 (previous swing low).
Resistance: $150 (recent high), $160 (next psychological barrier).
Patterns:
Bullish Case: Break above $150 with strong volume → Targets $160–$170.
Bearish Case: Failure to hold $129 → Drop toward $120 or lower.
Consolidation between $130–$150 likely if no catalysts emerge.
Watch out for Bitcoin correlation if BTC dips, SOL may follow.
Possible Scenarios:
Bullish if it break above $150 with high volume → Rally toward $160.
Trigger: Positive ecosystem news (e.g., major project launch) or Bitcoin rebound.
Bearish if close below $130 → Retest $120–$125 that may trigger by Market-wide sell-off or SOL (e. g 2nd of April updates)
Neutral if range-bound between $130–$150 → Await clearer signal.
Watch Bitcoin’s movement and macroeconomic news (e.g., Fed rate decisions).
Avoid over-leverage due to volatility.
#solanAnalysis #Tradewithcaution
