Technical Analysis $SOL (TF 4H)
🔼 Bullish Scenario
If SOL successfully breaks out from the diagonal resistance area (dashed white line) and strengthens past the supply zone around $136–$140, then the potential rise towards the main target is:
🎯 $143.59 (horizontal resistance)
🚀 $152.92 as a higher expansion area
This breakout could confirm the higher high pattern that is forming and become a strong signal for a continued uptrend.
🔽 Bearish Scenario
However, if SOL fails to maintain support and experiences rejection from the current resistance area, then it is highly likely that a deeper correction will occur with targets:
⚠️ $123–$124 (minor demand zone)
📉 $99–$96 (strong demand zone and previous bounce area)
🧱 The next critical support is around $93 and it could even touch back to the $83 area
📊 DYOR & risk management remains a top priority before taking a position!
📌 Note:
This is not financial advice. Do your own research and manage risks wisely.
