SOLUSDT (4H): Rising Wedge (Bearish Pattern):
Tapped into a 4H Premium Supply Zone:
Price entered a high-volume order block in the premium area — perfect place for institutions to offload longs and trap late buyers.
Weak High Liquidity Grab:
We swept a previous weak high with a wick, signaling a potential stop hunt before reversal.
Bearish Rejection Candle at Resistance:
Strong rejection near $152 with wicks and no candle body closing above — clear sign of seller aggression.
Price Struggling at Previous Day High (PDH):
PDH is acting as resistance, price tapped it and failed to break with strength.
Solana's current price is $151.49 USDT, with a 1.83% increase in the past 24 hours. Here are some key insights:
- *Current Price Range*: Solana is trading between $143.45 and $154.19 USDT, with a 24-hour trading volume of $244.11 million.
- *Market Performance*: SOL has risen 20.24% over the last week and 14.28% in the past month. However, its year-to-date performance shows a 3.52% decrease.
- *Resistance Levels*: The cryptocurrency faces resistance between $151 and $155.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly .