$SOL – Is Solana about to experience a strong upward rebound?
A solid support area resisting collapse!
Solana ($SOL) has now returned to a major demand area around $167 - $168, which has proven strong as support multiple times during recent sessions.
Rejection candles from below indicate that buyers are responding strongly... Is this the beginning of the surge?
Chart (Hourly):
We see clear upward bottoms
Strong horizontal support at the blue area
Consolidation pattern indicating a near breakout intention
If a breakout occurs above $170 - $172, the rebound may start strongly!
Volume and momentum:
Stable trading volume (but buyers might be accumulating quietly)
Momentum indicators have started to show early bullish reversal signals
Expected targets:
TP1: $176
TP2: $180
TP3: $183.05
Suggested stop-loss: $162.50 (below the demand area)
Summary:
Solana is at a dividing line between upward and downward. If the market supports it and buyers maintain this level, the path is open for strong gains with less resistance.
Watch for a strong confirmation candle or a breakout above $172 as a key for safe entry.
Trade setup:
Entry: 167.80 – 168.10
First target: 176
Second: 180
Third: 183.05
Stop: 162.50
