Yesterday, we reported that cryptocurrencies faced significant bearish movements following news of Trump’s tariff intentions, with the potential for the correction to deepen further. At BITmarkets, we remain committed to delivering objective and insightful analyses to provide maximum value to our readers.

Today, we highlight a strategic opportunity for investors considering buy positions for Solana—if the market stabilizes without undergoing a deeper correction.

Daily time frame analysis

SOLUSD - 1 Day Time Frame

Several cryptocurrencies have already absorbed a significant volume of Sell-Side Liquidity following the recent bearish trend. However, key assets like Solana have yet to undergo this process fully. Since market movements are never entirely predictable, a resurgence of bullish momentum could occur even without a deeper correction.

To confirm this potential shift, we are closely monitoring a key resistance zone formed during the last impulsive drop. If Solana’s price closes above this resistance zone on the daily timeframe, it would signal a higher probability of continued upward movement.

Solana price target

This scenario would offer traders a strategic opportunity to enter buy positions, targeting key Buy-Side Liquidity levels and the psychological threshold of $350. For effective risk management, a Stop-Loss order could be placed below the most recent internal low.

Conversely, if the price continues to respect the identified resistance zone, bearish pressure is likely to persist, with the next target being the Sell-Side Liquidity level. As always, traders should remain vigilant and adapt their strategies to capitalize on evolving market conditions.