How High Will Solana Go?

Solana is currently displaying mixed signals in its price development, leaving traders with a degree of uncertainty. In light of this, today’s analysis focuses on Solana, aiming to provide clarity on the anticipated price trends over the coming days.

This insight is designed to help traders and investors optimize their capital allocation effectively.

4-hour time frame analysis

SOLUSD - 4 Hour Time Frame

On the four-hour timeframe, we observe a close below the critical support zone, highlighted in orange on the attached chart. This pattern typically indicates an increased probability of a price decline toward the nearest Sell-Side Liquidity level.

If this downward movement occurs, subsequent price action will be pivotal, though its precise trajectory remains uncertain at this point.

Conversely, there is a possibility that, despite closing below the support zone, Solana’s price could recover and reach the nearest resistance zone. Such an outcome might suggest the potential for a resumption of a longer-term bullish trend, with the price targeting higher Buy-Side Liquidity levels.

Regardless of which scenario unfolds, we will continue to monitor the market closely and provide timely updates in the analysis section should any significant changes occur.