- If Sol fails to keep at a level of $ 136, it may decrease by 12 % to reach $ 120.
- Solana Habboudia’s expectations can be transformed if they rise and a daily candle closes over the level of $ 146.
Solana [SOL] It appears to be preparing for low prices as it formed a declining work pattern.
While the broader market recovered, Solana formed a dirty wedge style on the time frame for four hours, similar Bitcoin [BTC].
Technical analysis of Solana and price work
At the time of the press, Seoul was trading near $ 137.5, Which reflects the decrease in the price of 4.76 % during the past 24 hours.
The trading volume decreased by 10 % during this period, indicating the decrease in the participation of traders and investors compared to the previous day.
The lower prices of the Soul brought to the neck line for its landfill and the shoulders on the timetable for four hours, located inside a rising wedge, with $ 136 as the neck line.
Ambcrypto technical analysis indicates that if Sol closes a four -hour candle less than $ 136, it may decrease by 12 %, and reach $ 120 in the coming days.
Source: TradingView
In addition to these hybrid patterns, Sol faced rejection from the descending trend line, which has been a resistance level since January 2025.
This rejection, along with the formation of a candle style steeped in the candlestick, enhances the hybrid view.
However, hoops can change if Solana broke the descending trend line and closes a daily candle over $ 147.50. If this happens, Sol can rise by 22 % to $ 180 in the future.
Source: TradingView
The analyst says the signal indicator
A prominent encryption expert on X (formerly Twitter) Enhanced Solana’s hierarchy.
Source: x
The expert highlighted that the TD sequence index, which previously indicated the purchase of 22 % before the Sol Rally, is now showing a sale signal.
This raises questions about whether the price will continue to decrease, or whether the indicator is just a sign.
Solana’s bullish merchants offered
However, it appears that traders during the day are acting unlike the comprehensive morale in the market, because they are betting strongly on the long side.
Data from the analysis company on the series Coinglass revealed that merchants have currently exceeded $ 135 on the underside, and they occupy $ 167 million in long centers.
Meanwhile, $ 140 is another level of excessive, as traders during the day built short sites worth $ 83 million.
Source: Coinglass
This highlights that the bulls are currently dominating despite the landfill, which prevents Seoul from falling further.
