Solana continues to respect technicals with precision — after a +42.9% move from the $95 low, we're now at a pivotal moment in price structure. Let’s break down what’s happening and where the high-probability setups lie.
📍 Key Bounce Zone – Golden Pocket Confluence
📈 Rally to Resistance – Short-Term Climax
🧭 Current Market Structure
🔍 What to Watch Next – Reclaim or Reject?
Key Support to Watch:
1.) 📈 Scenario A – Bullish Reclaim:
2.) 📉 Scenario B – Failed Hold:
If there's no bullish reaction at $124–$125, expect further downside.
🎯 Tactical Game Plan
Bulls:
Bears:
📍 Key Bounce Zone – Golden Pocket Confluence
- Local Low: $95.26
- Golden Pocket Zone (0.618–0.666): $97.09–$94.82
- This area acted as a major demand zone, with price sharply rebounding.
- First Volume Spike: Followed by retracement into Golden Pocket Zone at $102.
- Second Volume Spike: Occurred right after touching Anchored VWAP ($108.21) from the $95.26 low, which added beautiful confluence with the Golden Pocket Zone – a secondary high-conviction long entry.
📈 Rally to Resistance – Short-Term Climax
- After the anchored VWAP retest, SOL rallied into the key resistance zone aligned with the 0.786 Fib retracement from the previous down move — a historically reactive level and a prime profit-taking zone.
- Monthly 21 EMA ($135.83) and the monthly 21 SMA ($133) — both key dynamic resistance zones.
- Low-volume retest of that key high suggests buyer exhaustion, not continuation — a classic setup for a short-term reversal.
🧭 Current Market Structure
- Current Price Action: Trading above both the weekly open ($128.38) and the monthly open ($124.54).
- This forms a critical S/R zone between $124–$128, now acting as a potential battleground for bulls and bears.
- As long as price stays above this zone, momentum remains with the bulls.
🔍 What to Watch Next – Reclaim or Reject?
Key Support to Watch:
- $125 (psychological level) and monthly open at $124.54 – This zone is likely to be liquidity-hunted. Expect a sweep of this low, look for the reaction.
- Daily Support Confluence: currently at 21 EMA: $123.77 & 21 SMA: $123.27
1.) 📈 Scenario A – Bullish Reclaim:
- If SOL sweeps the low and shows strong buying reaction (bullish engulfing candle, volume spike), it sets up a potential long opportunity towards the weekly open, to watch for the next reaction.
2.) 📉 Scenario B – Failed Hold:
If there's no bullish reaction at $124–$125, expect further downside.
- First target = $122
- Second target = $120.65
🎯 Tactical Game Plan
Bulls:
- Watch for reaction at $124–$125 – potential scalp long with tight SL.
- Confirmation on volume expansion and break of $128.38 for continuation.
- Re-enter long after clean retest of weekly open from above.
Bears:
- Short setup possible if weekly/monthly open is broken and retested as resistance.
- First TP = $122, second TP = $120.65.
🏆 Mastering Fibonacci for precision trading
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🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.