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.
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RektRecorder
· 19h ago
140 is stuck, this position is indeed awkward, and I don't want to chase high and get caught.
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GasWastingMaximalist
· 19h ago
This critical level at 140 is really tightly held; the bears are holding on desperately.
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LiquidationOracle
· 20h ago
This hurdle at 140 is indeed tough; I have a lot of positions above 136.
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HalfBuddhaMoney
· 01-07 08:23
The 140 level really feels stuck, it seems like the bulls are already out of energy.
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GoldDiggerDuck
· 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.
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SilentAlpha
· 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.
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WalletDivorcer
· 01-06 23:39
Even 140 can't hold, this bullish wave is really disappointing.
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PumpingCroissant
· 01-06 23:38
140 is really a bottleneck, can't go higher and can't go lower, huh
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BugBountyHunter
· 01-06 23:26
The 140 level is really stuck tight; it feels like the bulls are a bit weak.
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GateUser-2fce706c
· 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.
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.