👀 $SOL AT A CRITICAL SUPPORT LEVEL!
Solana is testing the lower boundary of its ascending channel for the fourth time, with price currently around $90.01.
This is an important level that could determine its next major move.
📈 Bullish Scenario:
If SOL manages to hold above $90, the channel structure remains intact, with potential upside targets around $140–$145.
📉 Bearish Scenario:
If buyers fail to defend $90 and price breaks below the channel, the next major downside area could be around $50.
⚠️ Why this matters:
This is the fourth test of the same support zone. Another successful bounce could strengthen the bullish setup, but a breakdown could change the entire picture.
💬 What's your view?
Will SOL defend $90 and move towards $140, or are we heading towards $50?
#Solana #CryptoTrading #TechnicalAnalysis #Altcoins #BinanceSquare
DYOR | NFA
Solana is testing the lower boundary of its ascending channel for the fourth time, with price currently around $90.01.
This is an important level that could determine its next major move.
📈 Bullish Scenario:
If SOL manages to hold above $90, the channel structure remains intact, with potential upside targets around $140–$145.
📉 Bearish Scenario:
If buyers fail to defend $90 and price breaks below the channel, the next major downside area could be around $50.
⚠️ Why this matters:
This is the fourth test of the same support zone. Another successful bounce could strengthen the bullish setup, but a breakdown could change the entire picture.
💬 What's your view?
Will SOL defend $90 and move towards $140, or are we heading towards $50?
#Solana #CryptoTrading #TechnicalAnalysis #Altcoins #BinanceSquare
DYOR | NFA
