Is #SOL Ready For a Major Pullback or Not? Key Levels to Watch
2025-01-15
Category: None

Yello, Paradisers! Is #SOLUSDT gearing up for a breakout, or will we see a sharp bearish turn? Let’s analyze the critical levels and what lies ahead for #Solana:

💎#SOL is currently moving within a classic Descending Broadening Wedge—a pattern often associated with significant trend reversals. The price is approaching the descending resistance near $223.45, and a decisive breakout above this level could ignite a strong bullish rally.

💎If #SOLUSD manages to close above $223.45 on the 8H or daily chart, we could see an explosive move toward the next major resistance zone between $250 and $270. These levels could act as key profit-taking zones for bulls, so keep a close watch on trading volume and momentum.

💎On the flip side, #Solana has a strong demand zone around $155.89–$168.69, which has consistently attracted buyers. However, if we see a confirmed break and close below $155.89, the bullish structure would be invalidated, opening the door for a deeper correction toward $130–$140.

💎The recent liquidity sweep at the demand zone shows how the market is shaking out weak hands before a decisive move. Stay patient and wait for confirmation at these key levels before entering a trade.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
iFeel the success🌴