The 132 area for SOL is accumulation before the launch towards 150... or the beginning of a deeper correction?
Many traders are wondering today about SOL's movement after the recent drop, and whether the current area is considered strong accumulation or if we are heading towards lower support levels.
Here are the key points that appear on the chart 👇
📉 Current technical situation:
🔸 1. The price is at support 132–133
A clear slowdown in the drop and the emergence of small candles indicates the possibility of forming an accumulation zone.
🔸 2. StochRSI is in strong oversold conditions
The values are only at 6–7, and they often precede a price rebound.
🔸 3. Weak negative momentum in MACD
The convergence of the lines may indicate an approaching reversal.
🔸 4. The price is below MA25 and MA99
The trend is still corrective but is approaching a strong reaction area.
❓ The important question: Is a rise near or a deeper correction?
✔️ Rebound scenario (accumulation):
Staying above 132
An ascending reversal candle appears
Breaking 137 will bring the price back to:
📍 145 – 150
❗ Deeper correction scenario:
Breaking 131.5 with a four-hour close may push the price to:
📍 128
📍 123 (strong main support)
🎯 Summary:
> The current area is very sensitive. Above 137, we may see a new wave of rise, and below 131.5, the negative scenario returns.
🧠 A question for traders:
Do you see that the 132 level is a golden accumulation for SOL?
Or do you expect to visit 128 – 123 before any rise?
What are the entry areas you prefer?
