SOL | Descending Trendline Retest – Possible Pullback Toward Dem
Solana (SOL) is currently trading under a strong descending trendline on the 1H timeframe.
Price has made a minor recovery and is retesting the trendline from below, indicating a potential lower-high formation.
Key Observations
Price is respecting a clear downtrend structure.
Currently near a trendline + minor resistance confluence, indicating possible rejection.
A major demand zone lies between 128 – 127, where buyers have previously reacted.
If the trendline rejection holds, price may continue downward.
Bearish Scenario
If SOL rejects from the trendline,
→ Expect a move back into 128–127 demand zone.
A breakdown below this zone may extend the drop toward 120–118 deeper demand.
Bullish Invalidations
A clean breakout and retest above 138.26 would shift momentum bullish
→ Possible reversal toward 144–147 supply area.
Trading Plan (Not financial advice)
Wait for confirmation on trendline rejection before entering.
Target 1: 128
Target 2: 120–118 zone
Invalidation: Break & close above 138.26 (trend reversal zone)
Price has made a minor recovery and is retesting the trendline from below, indicating a potential lower-high formation.
Key Observations
Price is respecting a clear downtrend structure.
Currently near a trendline + minor resistance confluence, indicating possible rejection.
A major demand zone lies between 128 – 127, where buyers have previously reacted.
If the trendline rejection holds, price may continue downward.
Bearish Scenario
If SOL rejects from the trendline,
→ Expect a move back into 128–127 demand zone.
A breakdown below this zone may extend the drop toward 120–118 deeper demand.
Bullish Invalidations
A clean breakout and retest above 138.26 would shift momentum bullish
→ Possible reversal toward 144–147 supply area.
Trading Plan (Not financial advice)
Wait for confirmation on trendline rejection before entering.
Target 1: 128
Target 2: 120–118 zone
Invalidation: Break & close above 138.26 (trend reversal zone)
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.