Solana SMC Analysis: Break Above $148.73 Could Confirm a Major CHoCH
On the HTF chart, SOL is approaching a critical HTF supply zone at $138–$149, where a major Bearish Order Block remains unfilled.
The broader structure is still defined by a Lower High, but the recent recovery from the $60.14 macro low has significantly strengthened short-term market structure.
Key SMC Levels:
▪️ $138–$149 → HTF Bearish Order Block
▪️ $148.73 → Critical structural level / potential CHoCH
▪️ $95.78 → Major inducement & structural reference
▪️ $74.15 → Key support
▪️ $60.14 → Macro swing low
BULLISH SCENARIO: A clean HTF close and acceptance above $150 could confirm a genuine CHoCH and invalidate the current Lower High structure.
Potential expansion zones: $250 → $500 → $700–$1000.
BEARISH SCENARIO: Rejection from $139–$150 could trigger another distribution leg toward $95, $74 and potentially $60.
For me, the key question is simple:
Will SOL reject from the HTF Bearish OB, or finally break the Lower High and transition into a new bullish market structure?
NFA. DYOR.
