Solana is facing a key rejection at high weather resistance – is another drop?

Recent Solana Bouncer brought face to face one of the most important levels of resistance on the chart. With multiple esters that agree in this zone, the reaction could dictate here whether the next move is an interruption or malfunction.

Solana (Salt) They saw a significant bounce in recent sessions after finding key support just below the $ 100 mark. This jump was exited from a well-defined daily support level, causes a renewed interest of bulls. However, the relief of the relief now has led the right to a significant high-time resistance zone and early signs suggest that the move can lose steam. Given the decline and price that advocates the technically difficult region, the current reaction could be the beginning of deeper retracting if the bulls are not coming to criminal levels soon.

Key points

• Solana faced resistance at the control point of approximately $ 149, the most sought after price of 2024.
• This resistance is aligned with VVAP and 0.618 Fibonacciva recovery, adding a strong stroke.
• The price was bounced from the sub-100 level, but the volume remains weak, and no powerful monitoring appeared.

Current area About $ 149 Indicates a key structural level: The point of control of the entire 2024. This is the price price in which the price zone has occurred, which is the maximum amount of trading activity, which is magneta and resist it depending on positioning. What strengthens the case for this zone as the main barrier is an overlap with VVAP anchored from the annual opening and redevelopment of 0,618 Fibonacci all moves. In short, Solana is not only reacting to a round number – reacts to resilience at the mouth that was built during months.

The addition of bear pressure is a clear lack of volume on the recent rally. While the price moved more, it was done so that the participation falls, which is often a red flag for sustainability moves. So far, there has been no crucial punches outside the control point – only tap and fade. The lower time frames are already show signs of rejection, and unless there is a sudden inflow of volume and swing, it looks more like a reactive bounce, not the beginning of true turnaround. This sets the stage to the potential transition back into the previously tested support zones.

If the discard with $ 149 continues, the next logical level is the area of ​​value low about $ 113. Here the price is previously found stability and could offer a short break or bounce. However, if that region fails, level $ 100 – who acted as a strong support for the previous move – becomes vulnerable. The second test of this area could differ differently, especially if the sellers receive control. This would open the door to a deeper decline and potentially new local low. Key disabilities for this bear scenario would be clean and maintained for $ 149, which would switch this range of middle point in support and opened the road to $ 209.

What to expect in the upcoming price of the store

As long as Solana remains below the control point of $ 149, the risk of further break is elevated. The refusal seems to be held, and unless the bulls can recover this resistance with conviction, the price will probably rotate back to $ 113 and potentially $ 100. The trend is neutral in a short time in a bear manner, and traders should stay careful until there is a stronger current.