Solana has broken below $135 support, confirming a bearish shift in market structure. The next key level is $96.85, a high-timeframe monthly support that could provide a reaction.
If the Market Auction Theory plays out, a full rotation to $19 is possible, aligning with the Point of Control (POC) and value area low—a major confluence zone for accumulation.
Patience is key for traders and investors. Waiting for price to reach strong demand zones or show signs of a structural reclaim will provide better opportunities.
If the Market Auction Theory plays out, a full rotation to $19 is possible, aligning with the Point of Control (POC) and value area low—a major confluence zone for accumulation.
Patience is key for traders and investors. Waiting for price to reach strong demand zones or show signs of a structural reclaim will provide better opportunities.
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Join our free telegram for market updates: t.me/chartdoctorsanconsultants
Trade here with the best exchange: blofin.com/invite/alchemisttrader
Trade here with the best exchange: blofin.com/invite/alchemisttrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.