Solana is currently struggling to recover a key control point in its commercial range, leading to a low rejection and signs of bearish compression. Since the price remains below this critical volume zone, it opens the possibility of a movement less than $ 90, a region started for a potential scheme for liquidity and swinging which could prepare the ground for a significant reversal.
The recent price action of Solana (soil) suggests an effort to build a base, but the bullish momentum is capped by its inability to recover the control point of the range – where the majority of recent commercial activities have occurred. This failure has transformed this area into short -term resistance, compressing prices’ action and leaving Solana vulnerable to the decrease unless it is decisively recovered.
Key points covered in this article:
- Rejection from the control point exerts pressure on the short -term trend of Solana
- The $ 89 support remains essential for a possible SFP and an inversion trigger
- Liquidity under the current levels could feed a bullish rotation at $ 178 at $ 2522
The rejection of Solana to the volume control point has created a precarious technical configuration. This level, formerly acting as a support, turned into the resistance, the tightening of the action of prices and the amplifying the probability of a drop based on liquidity. Unless Solana recovers this volume knot with conviction, short -term perspectives remain defensive for bulls.
The support of $ 89, just below the $ 90 psychological threshold, is now a key area to watch. It marks a low swing that remains intact and is in a high liquidity zone. A scan of this level followed by a light swing failure scheme could trigger a strong reversal, with upward targets in the weekly structure area between $ 178 and $ 252.
It is essential to understand that the markets hunt liquidity, and the region of less than $ 90 is probably responsible for stopping merchants occupying positions between $ 130 and $ 100. A movement in this liquidity pocket would be consistent with the typical market structure, in particular in a consolidation asset. However, if Solana manages to recover the checkpoint before this happens, this downward scenario becomes invalidated and a more optimistic perspective resumes, promoting continuation to higher levels of resistance.
How to exchange this configuration:
Wait a bass scan of $ 89 and search for signs of a swing failure model as a trigger for long entrances. If confirmed, position for a potential rally targeting $ 178 at $ 252. If the price recovers the control point, consider adjusting the bias to promote optimistic continuation. It is important to use prices’ action at discretion and management according to your trading system
