SOLUSDT (4H, Binance) is currently showing signs of strength after holding the $150 key support zone. Following multiple consolidation phases and bullish breakouts in the past, price action is aligning for another possible impulsive move to the upside.
🔍 Key Observations:
✅ Consolidation Then Expansion Pattern:
Historical structure shows price repeatedly entering consolidation, then breaking out strongly. Similar formations can be seen on April 15 and May 5, each leading to aggressive bullish moves.
📉 Descending Correction Holding at Support:
Price recently corrected from the $185 high, but has now bounced off a long-standing ascending trendline support and horizontal demand at $150 — a major confluence zone.
📦 Current Structure:
After the recent pullback, SOL is forming a potential bull flag or falling wedge, often a bullish continuation signal — supported by previous patterns in this chart.
🟢 Bullish Continuation Scenario (if confirmed):
Entry (on retest confirmation): $154–$158 zone
Stop-loss: Below $148 (clear invalidation of ascending structure)
Targets:
TP1: $168 (mid-range resistance)
TP2: $178–$180 (channel resistance zone)
TP3: $185 (recent swing high and major resistance)
📊 Volume & Momentum Watch:
Breakouts from similar consolidations in this chart were accompanied by large volume candles and bullish engulfing formations. Look for that again to confirm momentum.
⚠️ Caution:
If price loses $150 with volume, structure breaks, and downside to $135–$140 becomes possible. Be patient and wait for the reaction before entering.
🧭 Final Take:
SOLUSDT is trading at a technically significant level. If the bullish structure holds, a new impulse toward the $170–$185 zone is likely. However, confirmation on breakout + volume is essential before committing.
🔔 React to levels. Don’t predict. Trade what the chart tells you.
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