Yello, Paradisers! Is #SOLUSDT gearing up for a major breakout, or are we staring at a looming collapse? The charts are heating up, and you need to see this analysis to stay ahead.
💎#SOL is currently holding its support trendline, hinting at a potential rebound. If this level holds, we could see SOL pushing upward to test the $204.60 resistance. A breakout above this level would likely trigger a strong continuation toward all-time highs (ATH).
💎If the support trendline gives way, the price is likely to test the $169–$155 demand zone. This area has consistently proven its strength, with previous price action respecting it multiple times. A rebound from here could still offer significant opportunities for the bulls.
💎The real danger arises if SOL fails to hold even at the demand zone. This area aligns with the support trendline, and a breakdown would signal a bearish trend, with the price potentially heading toward the strong support zone around $115.
💎Historically, the $115 level has acted as a major lifeline for SOL. If this level is broken and a daily candle closes below it, bullish momentum would be invalidated, and we could see a deeper plunge. This would be a clear bearish signal, and prices might dip even further.
Stay focused, Paradisers—this market rewards patience and strategy. Let's trade like champions.