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 Solana The price is currently within a key support area, and the movement in this area will determine whether the next major uptrend can truly begin. overall callback Having pushed SOL to a critical juncture, price action at a micro level will determine whether buyers can regain control or whether deeper support must be tested first. Market Pullback Approaches First Major Support ZoneAccording to the latest from More Crypto Online analyze , SOL still has the opportunity to start a larger upward trend in this cycle. Analysts pointed out that the market has been in a correction since mid-September and has now reached the first major structural support area, which puts SOL at a critical moment. first key support area Located between $118 and $138, the market is currently testing this area. However, More Crypto Online cautions that there is currently insufficient evidence to suggest that this support area is confirmed. Although a small green candle appears on the weekly chart, this is only a sign worth paying attention to and is not a "valid signal."  More Crypto Online outlines bearish possibilities: If Solana sustains a decline below the $117 to $118 area, focus will shift to a deeper pullback scenario targeting the next major macro support area between $90 and $62. On the weekly chart, these two areas are the most important at the macro level. However, More Crypto Online emphasizes that traders cannot take for granted that one of these zones will persist. The key is to always observe the microstructural trends within these areas. Why Micro Time Frame Structure Is Decisiveanalyst To clarify further, the weekly support area only makes sense when the lower time frames begin to form a clear five-wave push structure from the lows. These push structures provide early confirmation that buyers are entering the market forcefully, rather than experiencing a temporary reaction. 。 Without impulse signals on these small time frames, any bounce that occurs within the weekly support area cannot be confirmed. It simply shows that price is reacting to the area, not the actual bottom A bull market reversal has formed or is underway. To distinguish a weak bounce from a confirmed defensive move, analysts emphasize tracking micro price action on the 15-minute, 1-hour, and 4-hour charts. These lower time frames can reveal whether buyers are firmly defending existing price levels. A clear and well-structured five-wave formation from the low in Solana No support area can be considered valid prior to a move. During this period, higher and lower support levels remain in effect.  Brothers, if you feel desperate or confused in the current currency circle, I hope this article of mine can help you! The bull market is still here, and now is the golden period for planning. Scan the QR code below to follow our footsteps and seize the wealth code together, welcome the upcoming bull market, and realize our dream of wealth and freedom together! Group content: 1. Seize the opportunity to build a position in the next three months, lead everyone to transcend social strata, and gain the opportunity to gain wealth! 2. Share the short-term band opportunities and long-term investment strategies of altcoin spot to help you make steady profits! Welcome to chat with me privately → WeChat: sui3786, backup: 3073259620, scan the code below!  |
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