20d • 📢 Updates
Solana (SOL/USDT) Weekly Outlook
- Structure: SOL has shown a strong recovery from the $60–$70 demand area, forming a potential bullish reversal structure. Price has recently broken above a key lower-high area, signaling a Change of Character (CHoCH) and a possible shift in market structure.
- Market Bias: The weekly outlook is turning bullish as price recovers from the major demand zone and reclaims the $100–$120 region. The recent structural shift supports the possibility of further upside, provided buyers maintain control.
- Near-Term Expectation: A pullback toward the $95–$105 area cannot be ruled out. Such a retracement could offer a retest of the breakout structure before another potential move higher.
- Key Resistance / Target: The $120–$130 region is an important resistance zone. A sustained break above this area could open the way toward the major upside target around $200.
- Momentum: RSI has recovered from lower levels and moved back above the midpoint, indicating improving bullish momentum. However, further confirmation is needed to establish a sustained weekly uptrend.
- Key Invalidation Level: A move back below the recent breakout structure around $90–$95 would weaken the bullish outlook. A deeper decline toward the $60–$70 demand zone would put the recovery scenario under greater pressure.
- Conclusion: As long as SOL maintains its recovery structure and holds above key support, the bullish reversal scenario remains in play, with $200 as the major upside target. Confirmation above the $120–$130 resistance zone would strengthen the case for continuation.
What's your view on SOL/USDT — bullish continuation toward $200, or another correction before the next move higher?
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Solana (SOL/USDT) Weekly Outlook
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