SOL/USDT – Accumulation or Continuation? Key Support!Solana/TetherOKX:SOLUSDTCryptoNuclearSOL/USDT on the 8-hour timeframe is still moving within a bearish corrective structure / broader downtrend, characterized by a series of lower highs and lower lows since the rejection from the 230+ area. Currently, price is trading inside a strong historical demand zone at 127–121, which previously acted as a major accumulation and bounce area. Price is now consolidating above this demand zone while pressing against a descending trendline, making this area a critical decision zone for the next major move. --- Pattern & Price Structure 1. Descending Trendline (Bearish Pressure) The descending trendline remains valid and unbroken Each recovery move continues to be capped by this trendline Indicates seller dominance is still present 2. Demand Zone / Support Base (127 – 121) The yellow box marks a strong demand zone Multiple lower-wick rejections indicate active buying interest Price is forming a base / consolidation range above support 3. Compression Pattern (Range Tightening) Price is compressed between: Dynamic resistance (descending trendline) Static support (demand zone) This structure often leads to a high-momentum breakout --- Key Levels Dynamic Resistance: Descending trendline Horizontal Resistances: 144 154.5 167 177 Major Support: 127 121 Invalidation Level: Strong close below 121 --- Bullish Scenario The bullish scenario is valid if: 1. Price holds above the 127–121 demand zone 2. A strong candle close breaks above the descending trendline 3. Volume expansion confirms the breakout Upside Targets: 144 (minor resistance) 154.5 (key reaction level) 167 (mid-range resistance) 177 (major resistance) A confirmed breakout above the trendline may signal a trend reversal or bullish continuation from a base structure. --- Bearish Scenario The bearish scenario occurs if: 1. Price fails to break the descending trendline 2. A strong breakdown and close below 121 3. The demand zone fails to absorb selling pressure Downside Risk: 116.8 (previous low) Further downside could form new lower lows, continuing the broader bearish trend --- Conclusion SOL/USDT is currently at a critical decision area. The 127–121 demand zone is the key level to watch: Holding support + trendline breakout → bullish reversal potential Demand breakdown → bearish continuation Patience is required. Wait for clear breakout or breakdown confirmation before committing to a directional trade. --- #SOLUSDT #Solana #CryptoAnalysis #TechnicalAnalysis #DescendingTrendline #DemandZone #SupportResistance #AltcoinTrading #CryptoMarket