Looks like $SOL is sweeping the 110 inducement zone. Keeping eyes sharp as we watch for a further decline—fingers crossed the 90 and 80 levels hold, while $BTC kicks off a new bullish range on its way to retest its previous ATH (BTC Analysis).

This post is all about Queen Solana. Everything I share here is purely technical, showing why we need to be a bit more patient with the queen. On the weekly timeframe, and throughout the past year, $SOL has been in an accumulation phase—break, close, and retest—but no distribution. Instead, early this year, the price turned sharply downward. While the 170-180 zone seemed like the perfect setup for distribution, the price dropped and is now deep within the discount zone of the active bullish range (0-0.25 area).

That’s why I’m saying we need more patience right now. It looks like the inducement (liquidity zone) around 110 is drawing in the price. A sweep depends on how things play out, as we also have a strong buying zone around 80-90, meaning the sweep could push there too. Don’t get me wrong—110 is also a strong buying zone, but the build-up of liquidity there makes it less likely to reverse. That said, let’s see how things unfold for the queen.

Also, Technical and description on $ETH : ETH Analysis