$SOL Reclaiming Momentum Amid Institutional Catalysts



​The price of Solana ($SOL) is currently trading at $86.61, showing minor signs of a bullish reversal after defending its lower boundaries. On the 1-hour chart, $SOL has firmly established a structural floor at the critical support level of $85.47, indicating that buyers are stepping in to halt the recent correction.

​Long $SOL

​Entry Zone: $86.00 – $87.00

​Stop Loss (SL): $83.80

​Target 1 (TP1): $89.50
​Target 2 (TP2): $91.50
​Target 3 (TP3): $93.00

​Market Analysis
​$SOL is stabilizing within a defined accumulation block following its steady descent from local highs near $92.61. The successful test and quick rejection of the $85.47 low shows clear absorption of sell orders at these deeper structural levels.
​With the 24-hour high positioned at $90.06, a clean hourly candle close above the immediate minor resistance line will flip market structure back to bullish, unlocking the momentum required to challenge the upper target zones.

#GateSquareMayTradingShare
SOL-3.14%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned