SOLANA → Hunting for liquidity in a weak market

3 日前

SOLUSDT is forming a countertrend correction. Zone of interest: 140.0–143.5. The lack of bullish potential and positive fundamentals could cause another decline...



Bitcoin is extremely weak, with the price testing the 90K zone. There is panic in the market. Against the backdrop of a bear market, altcoins may enter a phase of “liquidity hunting” before another decline.
Solana's price on D1 broke through fairly strong support at 141.3-138.5. The trend is bearish, and the breakout of support confirms the weakness of buyers (strength of sellers) at the moment.
SOL is updating its low to 129 and forming a pullback. As part of the current correction, the price may test the liquidity zone formed by yesterday's surge in volume - 140.5 - 143.3

Resistance levels: 139.0, 140.2, 143.3
Support levels: 135.67, 129.3

Consolidation is forming above the support range - 135.67. Most likely, bulls may flood the volume and provoke another rise to the liquidity zone, but there may not be enough potential for continued growth. A false breakout and lack of bullish momentum could trigger a decline to 135.5 - 129.3.

Best regards, R. Linda!

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