Solana's recent trend is quite interesting. The price is struggling to break above the $140 level, which is indeed a somewhat awkward position. From a technical perspective, the support below is at $136.12, and the resistance above is at $143.45. At this stage, short-term traders are better off participating with a high sell and low buy approach, as opportunities lie in the breakthroughs and reversals around these two key levels.



On the candlestick chart, you can already see the formation of a shooting star pattern, indicating that the bearish momentum around $140 should not be underestimated. The bullish momentum seems a bit weak, so caution is advised. If there is no clear upward breakout signal in the short term, aggressive trading could lead to being trapped. Instead of chasing highs, it's better to wait for a clearer directional confirmation before taking action.
SOL-2.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
HalfBuddhaMoneyvip
· 17h ago
The 140 level really feels stuck, it seems like the bulls are already out of energy.
View OriginalReply0
GoldDiggerDuckvip
· 01-06 23:51
The 140 level is really stuck, feeling like it will either break up or crash down, the most annoying part is the uncertainty. This wave of SOL is weak, even with Shooting Star signals appearing, still want to chase? I think it's risky. It's a game of high selling and low buying, just waiting for the 136 and 143 levels. Everyone, don't get caught in the trap. If clear signals haven't appeared, just stay put. The bears around 140 are indeed strong, and the bulls are really exhausted this time.
View OriginalReply0
SilentAlphavip
· 01-06 23:41
The 140 level is indeed awkward. As soon as Shooting Star appears, I know something's going to happen. The bears still have strength, but the bulls are really weak in this wave. Let's wait for a breakout signal; don't chase the high and get caught. Chopping back and forth between 136.12 and 143.45, a typical market pattern.
View OriginalReply0
WalletDivorcervip
· 01-06 23:39
Even 140 can't hold, this bullish wave is really disappointing.
View OriginalReply0
PumpingCroissantvip
· 01-06 23:38
140 is really a bottleneck, can't go higher and can't go lower, huh
View OriginalReply0
BugBountyHuntervip
· 01-06 23:26
The 140 level is really stuck tight; it feels like the bulls are a bit weak.
View OriginalReply0
GateUser-2fce706cvip
· 01-06 23:25
I've already said that this wave of pullback is an opportunity to get in. If you're still debating between 140 and 136, you haven't grasped the overall trend of Solana at all. While others are fearful, I am positioning myself. Once it breaks through 143, it'll be too late to say "I knew it." The high ground is just a few days away.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)