SOLANA at Key Resistance: Bearish Bounce Expected

SOLUSD is at a significant resistance zone. This area has previously acted as a major reversal point, and the current price action shows signs of potential exhaustion after a sharp bullish rally into this zone.

The market structure indicates that sellers may regain control at this level if bearish price action confirms a rejection, such as wicks signaling rejection or bearish engulfing candles. If this occurs, I anticipate the price to move downward toward the $234 level.

However, if the price breaks above $260 and holds with strong bullish momentum, this setup would be invalidated, and further upside could be anticipated.