Saturday, August 2, 2025

SOL 1H – Bounce From Demand, Can It Reclaim the Breakdown Zone?

SOL 1H – Bounce From Demand, Can It Reclaim the Breakdown Zone?

SOL / TetherUS BINANCE:SOLUSDT

SOL tapped into the key demand zone near $157 and is now showing signs of a reaction bounce. Price is approaching the former support-turned-resistance zone around $184 — a critical level that marked the start of the previous breakdown.

A reclaim of that zone would suggest bulls are regaining control, opening up room toward the $190–$200 region. Until then, it remains a lower high attempt inside a bearish structure.

📌 Demand bounce
📌 Bearish market structure
📌 Key resistance at ~$184

No confirmed reversal yet — just a bounce until proven otherwise. Keep watching the structure evolve.



source https://www.tradingview.com/chart/SOLUSDT/aIG8RcD3-SOL-1H-Bounce-From-Demand-Can-It-Reclaim-the-Breakdown-Zone/

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