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Solana Price Action: Watch for Reversal at Critical Zones Amid Anticipated Volatility

Colleagues, as the day wraps up, here's a comprehensive review—prepare yourself for volatility! **Review for $SOL on a 4-hour chart:** The price has confidently approached the weak maximum zone around $182–184, from where a seller's reaction is anticipated. A false breakout above this zone is expected, followed by a reversal downward. Evidence of weakness on smaller timeframes could lead to a pullback towards $165–168$, where the asset's further trajectory will be determined. **Alternative:** If the zone $165–168 is not held, there's a high likelihood of decline to the next liquidity area around $147–150$, where buyer reaction at the return to this range will be of interest. **Bullish Scenario:** If the price consolidates above $184 and breaks the 'weak high,' growth may accelerate, with immediate targets around $188–190. **Currently, the priority is to establish a short position confirmed by the reaction in the $182–184 zone.** Prepare accordingly and monitor the reactions closely for strategic moves.
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AI Analysis

The current technical setup of Solana ($SOL) indicates a critical zone at $182–184, where the price is approaching a weak maximum, suggesting an imminent seller reaction. The anticipation of a false b...

AI Recommendation

Given the current technical signals, executing a short position near the $182–184 zone appears prudent, especially if the support at $165–168 fails to hold. It is vital to confirm weakness on smaller ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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