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SOL Analysis — Current Price $73.79
Solana is under pressure today. Intraday high $75.71, low $73.44, currently trading around $73.79, down 2.45% on the day.
4H View:
SOL tested the $76.20 resistance 3 times and failed to break it. This created a lower high structure on the 4H chart.
Key Levels:
Resistance: $75.65 - $76.20 zone. This is yesterday's close and the 4H 50 EMA area. As long as SOL stays below, buyers remain weak.
Support 1: $73.40 - Today's low. If lost, there is a liquidity gap below.
Support 2: $71.20 - $70.50 - Main target zone. Weekly order block and 50% retracement of the last leg up.
Deep Support: $68.80
Scenario:
A 4H close below $73.40 would quickly bring $71.20. A close above $75.65 would invalidate the bearish structure and open the path to $78.50 again.
Short-term trend is weak for now, watch $73.40 closely.
#SummerCreationCamp #EventContractsLaunch #BrentReturnsTo100 #IntelQ2RevenueSurges25% #UStoImpose10To12.5PercentTariffsOn60Economies $SOL