#solana is displaying a strong bullish structure on the 15-minute timeframe after reacting decisively from the $104.00–$104.40 demand zone. Price spent time consolidating around this area before buyers stepped in and produced a sharp expansion, taking SOL through multiple intraday resistance levels and toward $109.
The subsequent pullback was relatively brief, and buyers quickly regained momentum. $SOL is now trading around $108.96, very close to the recent high, which makes the current area a critical point for continuation.
The chart's projected path suggests another push toward approximately $109.50–$109.70 if the current momentum remains intact. A successful breakout above the recent high would strengthen the bullish setup and could attract additional momentum traders.
However, failure to clear $109 could lead to a temporary retracement toward $107 or deeper support around $104.00–$104.40. For now, buyers remain in control. #sol
The subsequent pullback was relatively brief, and buyers quickly regained momentum. $SOL is now trading around $108.96, very close to the recent high, which makes the current area a critical point for continuation.
The chart's projected path suggests another push toward approximately $109.50–$109.70 if the current momentum remains intact. A successful breakout above the recent high would strengthen the bullish setup and could attract additional momentum traders.
However, failure to clear $109 could lead to a temporary retracement toward $107 or deeper support around $104.00–$104.40. For now, buyers remain in control. #sol
