Hello everyone 👋,
Today we are analyzing Solana (SOL/USD) on the daily timeframe. The pair has been moving strongly within a well-defined bullish channel, consistently creating higher highs and higher lows, reflecting a clear upward trend structure.
🔑 Key Observations:
Price is respecting the bullish channel and currently testing the mid-level after a recent correction.
Several Break of Structure (BOS) and Change of Character (CHoCH) points confirm that buyers remain in control on higher timeframes.
The zone around 180 – 190 acts as a major support level, aligning with both the channel’s lower boundary and historical demand.
If price holds above this level, Solana could continue its bullish trajectory with potential upside targets toward 240 – 260, and possibly even higher within the channel.
However, a breakdown below the support would invalidate the bullish scenario and open the door for deeper retracement.
Monitoring price action around the support region for bullish rejections.
A strong bounce could provide a long opportunity with targets near the upper channel resistance.
If support fails, standing aside until a new structure forms would be the safer approach.
Today we are analyzing Solana (SOL/USD) on the daily timeframe. The pair has been moving strongly within a well-defined bullish channel, consistently creating higher highs and higher lows, reflecting a clear upward trend structure.
🔑 Key Observations:
Price is respecting the bullish channel and currently testing the mid-level after a recent correction.
Several Break of Structure (BOS) and Change of Character (CHoCH) points confirm that buyers remain in control on higher timeframes.
The zone around 180 – 190 acts as a major support level, aligning with both the channel’s lower boundary and historical demand.
If price holds above this level, Solana could continue its bullish trajectory with potential upside targets toward 240 – 260, and possibly even higher within the channel.
However, a breakdown below the support would invalidate the bullish scenario and open the door for deeper retracement.
Monitoring price action around the support region for bullish rejections.
A strong bounce could provide a long opportunity with targets near the upper channel resistance.
If support fails, standing aside until a new structure forms would be the safer approach.
Operación activa
Operación cerrada: objetivo alcanzado
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.