SOLUSD Analysis – Bullish Channel with Support Zone Retest

30. Sept.

Hello everyone 👋,

Today we are analyzing Solana (SOL/USD) on the daily timeframe. The pair has been moving strongly within a well-defined bullish channel, consistently creating higher highs and higher lows, reflecting a clear upward trend structure.

🔑 Key Observations:

Price is respecting the bullish channel and currently testing the mid-level after a recent correction.

Several Break of Structure (BOS) and Change of Character (CHoCH) points confirm that buyers remain in control on higher timeframes.

The zone around 180 – 190 acts as a major support level, aligning with both the channel’s lower boundary and historical demand.

If price holds above this level, Solana could continue its bullish trajectory with potential upside targets toward 240 – 260, and possibly even higher within the channel.

However, a breakdown below the support would invalidate the bullish scenario and open the door for deeper retracement.

Monitoring price action around the support region for bullish rejections.

A strong bounce could provide a long opportunity with targets near the upper channel resistance.

If support fails, standing aside until a new structure forms would be the safer approach.

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