$SOL /USDT.
๐ฃ Solana (SOL/USD) โ 45-Min Chart Update (BINANCE)
๐ Current Price: $171.37
High: $172.26
Low: $170.16
Change: -$0.38 (-0.51%)
Time: 17:59 (May 25, 2025)
๐ Technical Snapshot (45-Min Timeframe)
Indicator/PatternStatusImplicationStructureLocal DowntrendLower highs/lows post-rejectionDouble BottomPotential @ ~$160โ$164Bullish Reversal Setup FormingSupport Zone$160.80 โ $164.00Key to hold for bullsResistance Zone$176.00 โ $180.00Short-term cap for relief ralliesMarket NoteโTrying to pull backโBulls attempting to regain control
โ ๏ธ Current Market Bias:
๐ Short-Term Bearish,
but with early bullish reversal signals forming near $160โ$164 support.
๐ Trade Considerations
โ If Bullish Reversal Completes:
Entry Zone: $162โ$166 (confirmation bounce)
Target 1: $176
Target 2: $185
Stop: Below $159
๐ซ If Breakdown Continues:
Break Below $160.80: Targets $154.32
Invalidation: Reclaim of $176
๐ Key Levels
Immediate Resistance: $176.00
Major Resistance: $188.00
Support Zone to Hold: $160.80 โ $164.00
Major Support Below: $154.32
๐ Summary
Solana is in a short-term downtrend, but signs of a double bottom near $160s hint at a potential bounce setup.
Watch for bullish confirmation above $166 or a breakdown if $160 fails.
Momentum is fragile โ wait for volume and structure to support any directional bias.
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