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Solana (SOL) Price Analysis shows bullish momentum building in recent sessions. Solana has been making waves in the crypto market once again. After a brutal retracement, the price appears to be showing signs of strength. But is this a dead cat bounce, or could it be the start of something bigger?
Let’s take a closer look at the current market structure of SOL/USDT using advanced Smart Money Concepts (SMC) and ICT principles — and break down a potential high-reward trade setup that’s catching the attention of seasoned traders. From Solana SOL price analysis, experts predict a bullish trend ahead.
Solana (SOL) Price Analysis: A Look Back at the Big Picture of Solana’s Market Structure
Solana’s journey since 2021 has been a rollercoaster. After its explosive bull run that saw prices nearing $260, things took a sharp turn in early 2022. The breakdown below critical support around $180 marked a Break of Structure (BOS), confirming a shift into a long-term bearish phase.
Throughout 2022 and into early 2023, Solana continued printing lower lows. But around mid-2023, we saw a Change of Character (CHoCH) — the first sign that bulls might be stepping back in. From there, a strong bullish rally followed, taking SOL from around $20 to over $200 in less than a year.
That bullish trend, however, hit a wall at the $210–$215 zone — where we now see a confirmed bearish CHoCH. Price has since reversed and dropped into a familiar demand zone. Solana (SOL) Price Analysis points to possible consolidation before the next move. Analysts extract data from Solana SOL price to forecast short-term trends.
Key Liquidity Zones on the Chart
Strong Supply Zones (Resistance):
$210–$260: This area marks an untapped supply zone and sits above major internal highs. Liquidity is likely stacked here — ideal for institutional profit-taking or fresh shorts.
Major Demand Zone (Support):
$75–$100: This region held strong during the latest correction. Price wicked into it and quickly bounced, showing signs of aggressive buying — potentially from smart money or large players.
Sell-side and Buy-side Liquidity:
Sell-side liquidity beneath $100 has been swept.
Buy-side liquidity remains resting above the $170 and $210 levels — providing clean upside targets.
The Trade Setup That’s Turning Heads
Here’s the trade idea that meets multiple high-confluence criteria — ideal for swing traders or anyone eyeing a high risk-to-reward play.
Trade Bias: Long
Why long? Because we’ve just seen:
A clean liquidity sweep below $100
A bullish engulfing reaction from the demand zone
Early signs of lower timeframe bullish CHoCH
Confluence with institutional price levels and imbalance fill
Trade Setup Breakdown (High R:R)
| Parameter | Level |
|---|---|
| Entry | $95.00 (on retest or LTF confirmation) |
| Stop Loss | $75.00 (below liquidity wick) |
| Take Profit (TP1) | $170.00 (internal high & supply) |
| Take Profit (TP2) | $210.00 (major BSL zone) |
This gives you a potential R:R of 1:5.75, making it a high-probability trade if confirmation aligns.
What Would Invalidate the Trade?
If price breaks below $75 with a strong close and no immediate recovery, it suggests deeper downside — potentially toward the $50–$60 range. In that case, the current demand zone has failed, and re-evaluation is necessary. Stay updated with Solana (SOL) Price Analysis for timely investment insights.
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Final Thoughts
Solana is sitting at a crucial spot on the chart. After months of bearish pressure, the reaction from the $75–$100 zone could mark the start of a new mid-term rally — or at the very least, a powerful bounce. With liquidity already swept and key price imbalances above, the conditions are ripe for a potential 50–100% upside.
Just remember — let price confirm before entering. Smart money doesn’t chase, it reacts.
Frequently Asked Questions (FAQs)
1. What is a CHoCH in trading?
A CHoCH, or Change of Character, is when price shifts from a bullish to bearish trend (or vice versa). It often signals the beginning of a trend reversal.
2. Is Solana bullish or bearish right now?
Currently, Solana has printed a bearish CHoCH on higher timeframes but is showing a bullish bounce from demand, suggesting short-term upside potential.
3. What is the key support for Solana?
The major support zone lies between $75–$100, where price recently reacted strongly.
4. What’s a good entry for a SOL long trade?
A solid long entry lies around $95 with confirmation, targeting $170–$210 for profit-taking.
5. What’s the risk-to-reward ratio on this SOL trade?
If executed properly, this setup offers an R:R above 1:5 — making it a high-conviction opportunity for swing traders.
