SOLUSDT - A hunt for liquidity ahead of the rally's continuation
SOLUSDTconfirms its bullish market structure. The long squeeze of support that we expected in the previous analysis played out perfectly. The bulls quickly took control of the situation and strengthened their positions...
Previously, we discussed how the market turned out to be stronger than expected: Bitcoin showed virtually no reaction to higher interest rates, the Fed’s hawkish stance, or the fact that the CLARITY Act was not passed. Consolidation continued, which further confirmed the strength of the market.
As for Solana, the altcoin is breaking through the consolidation resistance, suggesting that the coin is ready to continue its move higher. The rally was triggered by a long squeeze of support and the overall strength of the market
Resistance levels: 116.7, 127.0
Support levels: 110.6, 107.44
Technically, Solana could retest the 110.6–107.44 support zone, which represents both key triggers and liquidity areas. A retest of these levels could become a technical catalyst for further upside toward 116.7–127.0
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R. Linda!
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