Solana (SOL) has recently experienced an impressive upward movement. However, in order to maintain this momentum, critical levels must be preserved. Currently, Solana is consolidating within a range, entering a re-accumulation phase.
Will a Liquidity Grab Occur?
In our previous Solana analysis, we mentioned that there could be deviations below the ascending trendline on the daily chart. These deviations are often aimed at collecting liquidity below. On the 4-hour chart, the $175 and $168 levels are key liquidity zones, and we could see price reversals from these areas.
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If the price moves towards the lower regions of the accumulation zone, potential manipulation moves could occur. However, if the price reclaims the accumulation box, it could create long trade opportunities. Therefore, traders should closely monitor these critical levels.
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