SOLANASolana is now testing a key resistance zone around $152.90 – $154.00, which overlaps with a well-respected descending trendline📉
So far, this zone has rejected price multiple times, and we’re yet to see a strong breakout or close above it. A clear move above $154 with volume could trigger a bullish breakout 🟢, targeting the $160–$166 range.
However, failure to break this level might result in another drop toward the $145 area or even revisit the $140 demand zone below. ⚠️
📌 Key levels to watch:
Resistance: $152.90 – $154.00
Support: $145.00 → $140.00
Breakout confirmation: Close above $154 on strong volume
SOLUSDT trade ideas
Solana Short Position Update – June 7, 2025We are the SeoVereign Trading Team.
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Solana Short Position Share
Currently, Solana appears to have entered an overbought zone after a technical rebound, and the pattern is reaching the completion area of a 0.382 ratio ALT BAT (Alternative Bat) pattern.
This pattern typically appears in areas with a high possibility of price reversal, and especially the 0.382 retracement is an early reversal form unique to the ALT BAT, indicating conditions where selling pressure in the market may strengthen again.
Accordingly, entering a short position at the current level is considered meaningful in terms of pattern reliability and risk-reward ratio.
The first target price is set at $150, which corresponds to a structural support level and the target range of a short-term corrective wave.
After entry, additional downside targets can be reviewed depending on market flow and candlestick development.
Will Solana Go Lower? Yes! Only To Recover HigherI've been asked: Will Solana continue lower?
I think it is a fair question but it is also pretty hard right now to say based on the chart, there are just too many mixed signals.
For example, if we take Solana in relation to Bitcoin, it is trading daily below EMA55 and MA200, while Bitcoin is trading daily above these levels. Bitcoin hit recently a new all-time high while Solana only produced a small recovery in May.
When it comes to the chart signals, SOLUSDT produced a volume breakout on the bearish side and the support zone was completely challenged on a single candle. What's more, Solana will grow really strong later this year, so it would be normal to see as much bearish action as possible now because later we will have sustained long-term growth.
It is a coin flip, but if you ask me, it can go a bit lower before moving up. It can go lower to end up producing a higher low.
I will wait for clear reversal signals before going LONG.
I closed all my LONGs a while back, when it became clear that the market was going into correction. Now we can just wait easily and patiently until the correction unravels, after the correction comes a new wave of growth. Down and up, down and up... The market continues to cycle. Never straight down, never straight up. It moves in waves.
Namaste.
Long-Term Technical Outlook: Critical Decision Point Approaching
The chart illustrates a long-term technical structure where the price has been following an ascending channel after a prolonged bearish trend. However, recent price action indicates a breakdown below the green ascending trendline, raising concerns about a potential shift in market sentiment.
Currently, the $117 level is acting as a pivotal support zone. A sustained breakdown below this level — and more critically, below the red lower trendline — would validate the bearish scenario. This could trigger a deeper correction phase, with downside targets aligned along the red projection path. Such a move may lead to significantly lower price levels in the medium to long term.
🔽 Bearish Scenario:
If the price fails to hold above $117 and breaks below the red trendline, this would confirm the start of a bearish leg. Based on historical structure and projected trajectories, this could result in a descent toward the $93 level initially, with the possibility of extending further downward depending on market conditions.
🔼 Bullish Scenario:
On the other hand, if the price manages to reclaim the green trendline and more importantly, stabilize above the $204 resistance zone, it would signal renewed bullish strength. Such a move would open the path toward higher highs, potentially re-entering the previous upward channel and continuing the macro uptrend.
🧭 The price structure is now approaching a decisive zone, where either a confirmation of bearish continuation or a bullish recovery will likely unfold. Both scenarios have been visually outlined — green lines indicating bullish continuation, and red lines representing bearish momentum.
📌 Note: This analysis is for educational purposes only and should not be interpreted as financial advice.
SOL/USDT Technical Breakdown: $125 Support in Sight?Key Observations:
1. Bearish Momentum Intensifying
SOL has been in a steady downtrend since its recent local high near $190, forming lower highs and lower lows on the 4H timeframe.
The current price sits around $147.63, having broken below a minor support level near $149.81.
2. Key Support Level: $124.50
The green horizontal line at $124.50 marks a critical demand zone, which acted as a launchpad during the April rally.
A clear blue arrow on the chart suggests a potential bearish continuation into that zone.
3. Structure and Price Action
The market is forming a descending channel, respecting key horizontal levels.
If the current downward pressure persists, a retest of the $124.50–$125 area looks likely.
Levels to Watch
Immediate Resistance: $149.80 – previous support now flipped
Support Zone: $124.50 – demand-based with prior reaction history
Trend: Bearish in short-to-mid term
Trade Setup Idea (Not Financial Advice)
Entry: $147–$149
Target: $125
Stop Loss: $155 (above minor structure)
Note to Traders
This setup leverages classic support-flip mechanics and momentum-based sell-offs. Watch for confirmation via volume spikes or sharp candle closes. As always, adjust sizing based on your risk tolerance.
SOL: Short 19/06/25Trade Direction:
- SOL Short
Risk Management:
- 1% Risk
Reason for Entry:
- H1 Supply
- Multi timeframe overbought
- 0.886 Retrace - M15 Leg
- HTF Bearish
- Consistent Lower highs, Lower Lows being respected
- HTF DOL lower ~ $140
Additional Notes:
- While technically sound, runs the risk of being stopped quickly based on any news event, market is heavily news driven right now and that means this could be invalidated quickly.
- Re-entry
- Until price gives me a reason to I have to assume the highest probability direction is down.
- For a change in bias, my system requires;
a) HTF DOL being swept (Like $140)
b) H1 MSB for bulls.
- Accepted that this is a fairly risky trade and one IMO will get stopped. But everything aligns with my system so entry must be taken. My only active trade with risk with an additional FET long running Risk free.
SOL/USDT – Bullish Reversal Setup (1H Timeframe)-wk9We are closely monitoring SOL/USDT on the 1-hour chart. Although the pair has been in a bearish trend, recent developments suggest a potential trend reversal.
A clear bullish divergence has formed, signaling underlying momentum shift. More importantly, a falling wedge—a classic bullish reversal pattern—has emerged. With this confluence of signals, we're now confident in a bullish breakout scenario.
🔹 Pair: SOL/USDT
🔹 Timeframe: 1H
🔹 Trend: Bearish (Bullish Reversal expected)
🔹 Pattern: Falling Wedge
🔹 Divergence: Bullish
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 148.24
🔹 Stop Loss: 142.77
🔹 Take Profit 1: 153.71
🔹 Take Profit 2: 159.18
🔹 Risk/Reward: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
🎯 Strategy: Waiting for price to break last LH and trigger our buy stop level. Trade is structured with a calculated risk-to-reward profile.
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DeGRAM | SOLUSD channel floor launch toward 170+Solana continues to respect the broad rising channel that has guided price since early April. Recent corrective action tagged the channel median and then the intersecting 137-140 horizontal support, forming a classic confluence floor. The reaction: a sharp bullish rejection that restored price above the magenta internal trendline, indicating buyers remain in firm control. The corrective structure itself resembles a descending wedge losing bearish momentum, while RSI prints a positive reversal at 40 – conditions that often precede explosive upside resolution. A decisive close over 150 triggers an upside breakout aiming first at 160 (wedge objective) and subsequently at the 172-175 resistance block where prior distribution occurred. Should momentum spill over, the upper channel trajectory extrapolates 185-190 in coming weeks. Bullish bias is intact while candles close above 137; deeper dips into that zone likely represent opportunity rather than weakness.
SOL: Short 19/06/25Trade Direction:
SOL Short - Hedge
Risk Management:
- Risk approx 0.5%
Reason for Entry:
- H1 supply zone at resistance
- H1 and M30 timeframes overbought
- M15 bearish divergence present
- Retracement into 0.718 Fibonacci level
- Weak lows beneath price drawing liquidity lower
- No breaker structure on higher timeframe; bearish grind continuing
- Trade set as a continuation with expectation of a lower high and further roll over
Additional Notes:
- Clear technical alignment for a short continuation trade
- Hedge against my FET Long
Solana scalp shortRecently opened a scalp short position on solana. The market structurally is at LL point in usual market continuation but we having a big sell off it seems so could push lower down to $144.35 area before we get a bounce. In the event though I get stop I"ll look for a re-entry as $144.35 is like area to get tested before any major upside.
Short trade
Pair: SOLUSDT
Trade Type: Sell-side trade
Date: Sunday, 15th June 2025
Time: 1:00 AM
Session: Tokyo Session
Entry Timeframe: 15min TF
📍 Trade Details
Entry Price: 147.33
Profit Level: 144.54 (1.89%)
Stop Level: 148.19 (0.58%)
Risk-to-Reward Ratio (RR): 3.19
🧠 Context / Trade Notes
Trade executed during the Tokyo session, known for lower liquidity and often used to fade exaggerated price moves from the prior sessions. Price tapped into a minor supply zone formed during the late NY session, showing early signs of sell-side intent.
1Hr TF Overview