SOL is currently facing a pivotal moment on the 4-hour chart. Following an impressive rally, the token encountered resistance around the $138–$140 supply zone and has since pulled back sharply. The focus now shifts to the $131–$132 demand zone—a level that previously held strong support. This area is worth watching closely. Will buyers step in and defend this level, or does further downside pressure loom? The next few candles could be decisive in determining the next directional move for Solana.
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FlashLoanLarry
· 13h ago
nah the real question is whether this bounce has enough liquidity depth to hold or if we're just watching value extraction by the smart money. $131-132 zone smells like a trap tbh
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OnChainDetective
· 13h ago
ngl, those $131-$132 levels been tested what, three times this month? transaction data from whale wallets suggests typical distribution pattern before the dump... statistically speaking, if we see volume dry up on this bounce, rugpull signature incoming fr
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GasBandit
· 13h ago
Keep the 131-132 range, or else it will really break below.
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GrayscaleArbitrageur
· 13h ago
Sol is doing the same thing again. Can 131-132 really hold? I have my doubts.
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MEVHunterZhang
· 13h ago
131-132 is the same old position again. Last time, it didn't hold, and now even a rebound is difficult.
SOL is currently facing a pivotal moment on the 4-hour chart. Following an impressive rally, the token encountered resistance around the $138–$140 supply zone and has since pulled back sharply. The focus now shifts to the $131–$132 demand zone—a level that previously held strong support. This area is worth watching closely. Will buyers step in and defend this level, or does further downside pressure loom? The next few candles could be decisive in determining the next directional move for Solana.