tradingscenarios

🚀 Scenarios for Solana ($SOL): Technical Bounce or Bearish Continuation?

📊 Scenario 1: Consolidation and Bounce (Bullish Setup)
In this image, we observe a possible formation of a bottom near the psychological level of $96 - $100.
* The Pattern: If the price manages to maintain this support, we could see a "Double Bottom" structure or a descending wedge breaking upwards.
* Confirmation: A daily close above the 25-period moving average (MA) and the resistance of $111 - $116 would validate this momentum.
* Targets: The first serious target is at $128, with the potential to extend to $147 if institutional volume supports it.
📉 Scenario 2: Continuation of the Trend (Bearish Setup)
The second image shows a rejection scenario at key resistances.
* The Pattern: The moving averages act as a "cascade" of resistance, pushing the price downwards. If SOL does not manage to surpass $111 with strength, we are looking at a retest to continue falling.
* Risk: A confirmed loss of the $95 level could accelerate selling towards the demand zone of $80 - $85.
* Indicators: The RSI remains in a weakness zone, suggesting that, although there are oversold conditions, sellers still have control over the order flow.
💡 Conclusion and Strategy
We are in a "wait and see" zone. The key for the coming days will be the volume at the mentioned support levels.
* Safe Entry: Wait for the confirmed breakout of resistance at $119.
* Risk Management: Stop Loss adjusted below the recent lows ($94).
What do you think? Do you see Solana recovering to $130 this month or will we visit lower levels?

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