📈 $SOL
Analysis: Classic Recovery Structure in Play
Solana is currently printing a classic recovery structure after a deep pullback. We are seeing price basing at these levels, with eyes firmly set on the higher-timeframe inefficiencies sitting just above.
🔍 Market Outlook:
The "Alpenglow" mainnet upgrade and recent institutional ETF filings (like the Morgan Stanley Solana Trust) are providing a strong fundamental backdrop. Technically, if this roadmap plays out, we are looking at a multi-stage expansion.
🚀 Upside Targets:
Zone 1: $155 – $170 (Immediate resistance flip)
Zone 2: $190 – $205 (Mid-term target)
Macro Supply Zone: $240 – $260 (Full expansion)
📉 Risk Management:
Key Support: The $117 – $120 region remains the structural floor.
Invalidation: A sustained close below $110 would shift the macro bias back to neutral/bearish.
💡 Note: Structure precedes the move. Watch for a reclaim of the $140 level to confirm the start of this next leg up.
Analysis by: Nabiha Noor ✨
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