๐จ SOL UPDATE โ RELIEF BOUNCE AFTER HEAVY CORRECTION ๐จ
๐ฐ Price: ~$141
๐ 24H Volume: ~$4.29B
๐ Daily Change: +0.99%
๐ Market Phase: Bottoming โ Short-term recovery
๐ WHAT THE CHART IS SHOWING (1D)
SOL topped near $253 and faced an aggressive sell-off to $116
After forming a clear base, price is now printing higher lows
๐ This signals short-term trend recovery, but macro trend is still neutral.
๐งฒ SUPPLY & DEMAND ZONES
๐ข Strong Demand (Buy Zones)
$135 โ $140 โ active buyers defending
$120 โ $116 โ major accumulation zone (macro bottom)
๐ด Key Supply (Sell Zones):
$145 โ $150 โ immediate resistance
$170 โ $180 โ heavy supply from previous breakdown
$200+ โ macro distribution zone
๐ฆ ORDER BOOK INSIGHT
๐ข Buy Orders: 43.22%
๐ด Sell Orders: 56.78%
๐ Sellers still dominant โ rally is controlled, not euphoric
๐ Shorts active, fuel exists if breakout happens
๐ VOLUME ANALYSIS
๐ Dump phase = very high volume (capitulation)
๐ Base formation = low & stable volume
๐ Current push = gradual volume increase
โ ๏ธ This is how real reversals start, not with hype
๐ง BUYERS vs SELLERS
Buyers accumulating dips quietly
Sellers defending resistance aggressively
Liquidity building on both sides
๐ณ Whales waiting for breakout confirmation
๐ FUNDAMENTAL VIEW (SOLANA)
๐ข Bullish Drivers
Ultra-fast & low-fee blockchain
Strong ecosystem (DeFi, NFTs, Memecoins)
High developer & retail adoption
Popular for on-chain trading narratives
๐ด Risk Factors
Network stability concerns (historical)
High volatility asset
Moves fast in both directions
๐ Fundamentally strong, technically recovering
๐ฐ NEWS & SENTIMENT CHECK
No major negative Solana-specific news
Memecoin & on-chain activity keeps SOL relevant
Risk-on traders watching SOL closely
Sentiment = Speculative but active
๐ LEVELS THAT MATTER
๐ฅ Bullish Confirmation
Daily close above $150
๐ฏ Upside Targets
$170
$195
โ ๏ธ Bearish Risk:
Rejection at $150 โ pullback to
$135
$120
