#LatestMarketInsights Solana is currently trading in a short-term consolidation range after a strong impulsive move on the daily timeframe. Price action shows higher lows forming, indicating buyers are still defending key demand zones. The overall structure remains bullish as long as SOL holds above the previous breakout region.
On the 4H timeframe, SOL is compressing inside a tightening range, suggesting a potential volatility expansion soon. RSI is hovering near the midline (50–55 zone), which reflects neutral-to-bullish momentum. A clean breakout above immediate resistance could trigger a continuation rally toward the next liquidity cluster.
Bullish Scenario: If SOL breaks and closes above near-term resistance with strong volume, upside targets may extend toward the recent swing high and potentially higher psychological levels. Momentum confirmation with rising volume would strengthen the case for trend continuation.
Bearish Scenario: Failure to hold the local support zone could lead to a pullback toward the next major daily support area. A breakdown with increasing sell volume would invalidate the short-term bullish structure and open the door for a deeper correction.
Trading Plan: • Bias: Short-term bullish above support • Entry: On breakout confirmation or pullback to strong support • Stop-loss: Below key structural support • Targets: Previous swing high, then extended $SOL resistance levels
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#LatestMarketInsights Solana is currently trading in a short-term consolidation range after a strong impulsive move on the daily timeframe. Price action shows higher lows forming, indicating buyers are still defending key demand zones. The overall structure remains bullish as long as SOL holds above the previous breakout region.
On the 4H timeframe, SOL is compressing inside a tightening range, suggesting a potential volatility expansion soon. RSI is hovering near the midline (50–55 zone), which reflects neutral-to-bullish momentum. A clean breakout above immediate resistance could trigger a continuation rally toward the next liquidity cluster.
Bullish Scenario:
If SOL breaks and closes above near-term resistance with strong volume, upside targets may extend toward the recent swing high and potentially higher psychological levels. Momentum confirmation with rising volume would strengthen the case for trend continuation.
Bearish Scenario:
Failure to hold the local support zone could lead to a pullback toward the next major daily support area. A breakdown with increasing sell volume would invalidate the short-term bullish structure and open the door for a deeper correction.
Trading Plan:
• Bias: Short-term bullish above support
• Entry: On breakout confirmation or pullback to strong support
• Stop-loss: Below key structural support
• Targets: Previous swing high, then extended $SOL resistance levels