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Crypto analyst SIDEC has increased the likelihood of Solana Price Drops into two digits. Analysts have revealed key levels of monitoring entries as market participants are preparing for this major crash.
As Solana prices drop to double digits, the main levels to watch
in TradingView PostSIDEC highlighted the $136-$143 range as the main zone of resistance for Solana Price. Meanwhile, he said it was between $102 and $98. Main Support Zonesindicating that there is a risk of immediately dropping to double digits if SOL cannot maintain this support zone.
Related readings
Analysts noted that it has been a slow trend over the past five days after Solana Price hit a low for $112. He added that the current price action looks like this ABC correction patternwhich means Sol is set up at a lower price. While hinting at a critical level for monitoring entries, he pointed out that placing orders at key levels would help increase the likelihood that they will catch the right move without overcommitting too quickly.
He then discussed the $136-$143 resistance zone. Crypto analysts said: Solana Price Because the area contains multiple technical confluences, it can be difficult within that range as it suggests a potential inversion or a strong response. So SIDEC said this range is a major area to consider short positions, especially when prices begin to show weakness.
Meanwhile, SIDEC has revealed that the main demand zones have been formed between $102.1 and $98.50 on the negative side of Solana prices. He said the zone has multiple technical confluences, making it a high-intensity long entry area. Analysts added that the zone offers a robust, long opportunity to gradually scale into position as prices support them more deeply.
Sol’s Market Outlook
SIDEC said there will be a short bias until Solana Price regains $143.80. This level is a strong resistance zone. Potential short deals. For market participants looking to enter short positions, analysts said that being led into a resistance zone will ensure improved risk management and improved entry efficiency.
Related readings
Meanwhile, due to the long setup, analysts said that a smaller at $112 and increasing the position size to $98.50 ensures strong positioning in the high conflict demand zone. He added that expanding to trade, rather than committing at a single price, will provide greater flexibility, improve trade execution, and help market participants adapt to the price movement.
With further discussion of Solana’s price action, Sidec noted that its $100 goal was consistent with 200. Exponential Moving Average (EMA) In the weekly time slot, you will join this strong support.
Analysts also said that if Solana Price breaks decisively above $144, it would invalidate the short paper and suggest a higher potential move towards $150. Meanwhile, a strong rejection from the resistance zone could accelerate the move to $112 to test demand when the swing is low.
At the time of writing, Solana’s prices are trading at around $128, down more than 4% over the past 24 hours. data From CoinMarketCap.
ISTOCK featured images, charts on tradingView.com
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