As you can see on the 4H candlestick chart for SOLUSDT, after pumping two weeks ago to 98.41, it dipped again and is now back in the range it was before that spike. It's currently trading at 85.10, below the 4H IFVG that it has been rejected from multiple times.
I expect Solana to retest the IFVG again, but I'm not too optimistic about its ability to break through. It's likely to drop back down to the bullish OB, possibly taking out liquidity below the 81.50 level before bouncing back.
However, if Solana can break the IFVG, I expect it to rally towards the resistance level of 90.00.
SOLUSDT
Perp
71.75
-0.36%
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