Solana (SOL) Technical Analysis – Critical Weekly Support Zone

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Solana (SOL) Technical Analysis – Critical Weekly Support ZoneSOL / TetherUSBINANCE:SOLUSDTSepidehArjmandSolana is currently trading at a high-stakes technical level, sitting directly on its major weekly ascending trendline. This area is extremely important and could determine the next mid-term direction of the market. 📉 Bearish Scenario If the ascending trendline and the key support at $130 break down with a strong confirmation candle and price closes below this level, a deeper correction becomes likely. Potential downside targets: $120 $112 $99 These levels may act as important support zones where buyers could re-enter. 📈 Bullish Scenario If Solana manages to break above the $137 resistance with a strong bullish candle, we may see the beginning of another upward move. In this case, the pullback to $137 could offer a valid long entry. Upside targets: $150 $162 $171 These levels represent key mid-term resistances. ✅ Summary Solana is positioned at a decision point on the chart. A confirmed breakout or breakdown from this zone will likely set the trend for the coming weeks. Traders should closely monitor price action and candle confirmations around $130–$137.