Solana is trading around 126 levels and there is a support which is being respected around 125 levels.
For last few weeks, no considerate candle is there. Only doji are being formed which shows the sideways moment in the charts.
If the market cycle changes, turning bullish, an entry can be made above 127 levels expecting a 10-11% movement in the crypto.
Major trend is bearish, Minor trend sideways.
The major support is around 100-110 level zone and there is not much of fall to capture as it has fallen 50% since Sept 2025.
On the hourly charts, there is a liquidity grab, taking out the bullish positions created on previous occassions.
A moving averages gate is also being created on the hourly charts as all the four EMAs (20, 50, 100 & 200) are moving in small range.
Now as per my view the market is trading in a range and it is also respecting a falling resistance line. A good R:R trade is there on the bullish side.
As per the plan, bullish position can be created in the assest once it crosses 127 levels.
Stop Loss :- 122.5
Target :- 144
R:R = 1:4
Multiple confluence there to enter the trade on the bullish side. Wait for the price action near the levels before entering the trade.
For last few weeks, no considerate candle is there. Only doji are being formed which shows the sideways moment in the charts.
If the market cycle changes, turning bullish, an entry can be made above 127 levels expecting a 10-11% movement in the crypto.
Major trend is bearish, Minor trend sideways.
The major support is around 100-110 level zone and there is not much of fall to capture as it has fallen 50% since Sept 2025.
On the hourly charts, there is a liquidity grab, taking out the bullish positions created on previous occassions.
A moving averages gate is also being created on the hourly charts as all the four EMAs (20, 50, 100 & 200) are moving in small range.
Now as per my view the market is trading in a range and it is also respecting a falling resistance line. A good R:R trade is there on the bullish side.
As per the plan, bullish position can be created in the assest once it crosses 127 levels.
Stop Loss :- 122.5
Target :- 144
R:R = 1:4
Multiple confluence there to enter the trade on the bullish side. Wait for the price action near the levels before entering the trade.
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Related publications
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.