Upon dissecting Solana’s (SOL) structure on the 4-hour timeframe, it’s evident that — right on cue — the asset initiated a healthy pullback , retracing into the *critical \$220 demand region*. As anticipated, *buy-side interest was promptly reignited*, and SOL is now hovering near the **\$219 mark*, signaling early signs of a potential reversal.
💡 Should this *support floor* hold firm, we may very well be witnessing the *calm before the bullish storm*. The groundwork is being laid for a potential *impulsive leg upward*, with near-term resistance levels — or shall we say *bullish milestones* — lining up at:
Levels to See :
📍 $225* – Initial resistance / minor liquidity pocket
📍 $235** – Mid-range breakout confirmation
📍 $245** – Macro continuation zone
📈 The current setup screams *accumulation* — and if momentum aligns, SOL could be gearing up for a fresh rally leg that catches many off guard.
🙏 If you value this insight, smash that *like* button and drop a *comment* to let me know your thoughts! Let’s spark a discussion — is SOL preparing for liftoff, or is more downside lurking?
With respect,
SmartEdgeTrading
💡 Should this *support floor* hold firm, we may very well be witnessing the *calm before the bullish storm*. The groundwork is being laid for a potential *impulsive leg upward*, with near-term resistance levels — or shall we say *bullish milestones* — lining up at:
Levels to See :
📍 $225* – Initial resistance / minor liquidity pocket
📍 $235** – Mid-range breakout confirmation
📍 $245** – Macro continuation zone
📈 The current setup screams *accumulation* — and if momentum aligns, SOL could be gearing up for a fresh rally leg that catches many off guard.
🙏 If you value this insight, smash that *like* button and drop a *comment* to let me know your thoughts! Let’s spark a discussion — is SOL preparing for liftoff, or is more downside lurking?
With respect,
SmartEdgeTrading
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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.