Solana is currently trading at a high-stakes technical level, sitting directly on its major weekly ascending trendline. This area is extremely important and could determine the next mid-term direction of the market.
📉 Bearish Scenario
If the ascending trendline and the key support at $130 break down with a strong confirmation candle and price closes below this level, a deeper correction becomes likely.
Potential downside targets:
$120
$112
$99
These levels may act as important support zones where buyers could re-enter.
📈 Bullish Scenario
If Solana manages to break above the $137 resistance with a strong bullish candle, we may see the beginning of another upward move.
In this case, the pullback to $137 could offer a valid long entry.
Upside targets:
$150
$162
$171
These levels represent key mid-term resistances.
✅ Summary
Solana is positioned at a decision point on the chart.
A confirmed breakout or breakdown from this zone will likely set the trend for the coming weeks. Traders should closely monitor price action and candle confirmations around $130–$137.
✅ Trade here on $SOL
