$SOL /USDT – Crucial Rebound or Calm Before the Storm? ⚡
Solana ($SOL ) has seen a sharp pullback from its recent high of $182 and is now hovering near a critical support level at $166.19. The bulls are attempting a rebound — but is it a true recovery or just a temporary pause before another drop?
At the moment, the market structure still leans bearish. The bulls have their work cut out for them, and all eyes are on the $172.80 resistance zone. A clean breakout with strong volume above this level could shift momentum back in favor of buyers. Otherwise, the risk of another downward leg remains very real.
Key Levels to Watch:
Resistance: $172.80
Support: $166.19
Trade Setup (Short-Term Swing Idea):
Entry Zone: $167.50 – $168.50
Stop Loss: $165.20
Target 1: $172.20
Target 2: $176.00
Target 3: $179.80
🎯 Strategy Insight:
Until Solana proves its strength above $172.80, this bounce should be approached with caution. Quick scalps or tightly managed setups might be the safer route for now. Momentum is key — without it, the current uptick could fade fast.
The next few hours may reveal whether this is a bullish turnaround or a classic bull trap. Stay sharp, manage risk wisely, and don’t chase candles without confirmation.
Let the chart speak — but keep your stops tighter than your hopes.