๐ Article (By Naseer Crypto Expert):
Solana (SOL) is currently trading in a tight consolidation zone, showing signs of accumulation after a short-term pullback. On the lower timeframe, price action suggests that sellers are losing momentum while buyers are gradually stepping in.
The chart highlights a strong demand zone around the $122.8 โ $123.0 area, which has acted as a solid support multiple times. Each dip into this region is being bought quickly, indicating institutional interest and smart money accumulation.
At the same time, SOL is facing a descending trendline resistance, which is keeping the price compressed. This type of structure often leads to a sharp breakout, as volatility builds up inside the range.
Volume remains stable, and RSI is holding near the mid-level, suggesting the market is neither overbought nor oversold โ a healthy setup for a directional move. A clean breakout above resistance could open the door for a push toward the $125+ region, while a breakdown below support may lead to a temporary retest of lower levels.
Overall, Solana is at a decision point. Traders should watch for confirmation before entering positions and manage risk carefully, as volatility expansion is likely in the coming sessions.
๐ Always trade with proper risk management and confirmation.
Naseer Crypto Expert
