Overview Context:
Support: $190.00
Resistance: $260.00
Supply Area: $245 to $260
Demand Area: $200 to $215
Psychological Levels: $270 and ATH ($300 Area)
Technical Context:
Technical Structure- We are still residing in our Weekly PA channel that began in April of 2025. With Solana showing strong bullish momentum we see a recipie for a new ATH or a huge reversal at the most prominent price points.
Volume Context:
Volume Insight suggest that a massive amount of liquidity on the Weekly Timeframe is all the way down to the $22 range. While the Daily Timeframe shows a concentration around our Demand Zone.
Extra Confluences (DAILY TF):
FVG -
One bullish Daily FVG located below price. One smaller bearish Daily FVG above price.
Golden Pocket-
The Golden pocket has been met but we see the 0.786 level possibly getting retested.
EMA-
The Daily Timeframe 21 EMA is below price showing storng bullish momentum
RSI-
A bullish signal line crossover is present at the midline to most likely revisit the Overbought region.
MACD-
We are approching a crossover of the midline with extreme bullish momentum. A strong confluence for rally.
Bearish Scenario:
We find ourselves slowly rejecting off of the 50% area of our weekly PA channel and off of the Daily 21EMA. We retrace down to and tap into the Daily FVG located just below price and we get a bounce to the 0.786 level of the ATH to shake retail once more before we change momentum and see a massive reversal as we clear the Supply Zone created by the ATH to sweep the final Buy Side Liquidity pocket and implement a false breakout of our PA channel for a short opportunity.
Support: $190.00
Resistance: $260.00
Supply Area: $245 to $260
Demand Area: $200 to $215
Psychological Levels: $270 and ATH ($300 Area)
Technical Context:
Technical Structure- We are still residing in our Weekly PA channel that began in April of 2025. With Solana showing strong bullish momentum we see a recipie for a new ATH or a huge reversal at the most prominent price points.
Volume Context:
Volume Insight suggest that a massive amount of liquidity on the Weekly Timeframe is all the way down to the $22 range. While the Daily Timeframe shows a concentration around our Demand Zone.
Extra Confluences (DAILY TF):
FVG -
One bullish Daily FVG located below price. One smaller bearish Daily FVG above price.
Golden Pocket-
The Golden pocket has been met but we see the 0.786 level possibly getting retested.
EMA-
The Daily Timeframe 21 EMA is below price showing storng bullish momentum
RSI-
A bullish signal line crossover is present at the midline to most likely revisit the Overbought region.
MACD-
We are approching a crossover of the midline with extreme bullish momentum. A strong confluence for rally.
Bearish Scenario:
We find ourselves slowly rejecting off of the 50% area of our weekly PA channel and off of the Daily 21EMA. We retrace down to and tap into the Daily FVG located just below price and we get a bounce to the 0.786 level of the ATH to shake retail once more before we change momentum and see a massive reversal as we clear the Supply Zone created by the ATH to sweep the final Buy Side Liquidity pocket and implement a false breakout of our PA channel for a short opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.