Let's break down your Solana (SOL/USD) chart step by step, looking at Daily, Weekly, and Monthly perspectives to identify key buy/sell level

 

Let's break down your Solana (SOL/USD) chart step by step, looking at Daily, Weekly, and Monthly perspectives to identify key buy/sell level

1.) Monthly Chart (Long-Term Trend)

 Solana has shown a strong recovery from lows near $20 to $25 in 2023.

The price recently formed a rising channel and is now testing its lower boundary signaling a weakening momentum.

There is a resistance zone around $200 to $210 which matches Fibonacci extension levels.

The long-term uptrend remains intact unless the price falls below $150.

: Key Levels (Monthly)

: Major Resistance $205 to $210  

: Intermediate Resistance $200 to $202  

: Support 1 $175 to $180 (current zone)  

: Support 2 $150  

: Bias Long-term Bullish but Consolidating

: Buy Zone (Investors) $150 to $175 range  

: Profit Booking / Sell Zone: $205 to $210  

2.) Weekly Chart (Medium-Term Trends 

Observation

: Weekly candles show descending momentum after reaching about $210 or more.

 : The current price is holding near mid-channel support around $175 to $185. 

: A break below $175 might lead to a decline toward $153

:  A rebound from the current level could test $200 or higher.

: Key Levels (Weekly) 

: Resistance: $200 / $205 / $210  

: Support: $175 / $153 / $126  

: Bias: Neutral to Slightly Bearish (short-term correction phase)

:  Buy on Dips: $175 to $180 (partial) and $155 to $160 (strong support)  

: Sell on Rejection: $200 to $205  

3.) Daily Chart (Short-Term View)

Observation:

: The chart displays a symmetrical triangle / wedge formation following a pullback.

: Price is currently consolidating near **triangle support  at $180 to $185.

: If the price breaks  above $190 a short-term bullish move toward $200 may occur.

: A break below $175 could trigger a correction to $153.

Key Levels (Daily):

Immediate Resistance: $190 / $200  

Immediate Support: $175 / $153  

Next Major Support: $126  

Bias: Neutral-to-Bearish in the short term, bullish only above $190

Buy Setup:

: Entry: $175 to $180  

: Stop Loss: $168  

: Target 1: $190  

: Target 2: $200  

Sell Setup:

: Entry: $200 to $205  

: Stop Loss: $210  

: Target 1: $185  

: Target 2: $160  

Disclaimer

This analysis is for educational and informational purposes only. Cryptocurrency markets are highly volatile. Always use a stop-loss, manage your risk, and conduct your own research before investing or trading.