SOL/USDT) Bullish trend analysis Read The caption

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SMC Trading point update

Technical analysis of SOL/USDT (1-hour timeframe) — a potential continuation move within an ascending channel.
Here’s the complete breakdown

Price is moving inside a rising channel, confirming a bullish structure with higher highs and higher lows.

The two black trendlines outline this ascending pattern, indicating overall upward momentum.

The blue box marks a demand or buy zone around $154–$155.5, aligned with the Fibonacci retracement levels (0.62–0.79).

This zone represents a potential retracement area where buyers may step in to continue the uptrend.

50 EMA (blue line) = $159.36

200 EMA (black line) = $167.71

Price is currently below the 50 EMA but still above the mid-channel trendline, suggesting temporary correction before continuation.

Once SOL bounces from the demand zone, reclaiming the 50 EMA would confirm momentum shift back to bullish.

The chart projects a short-term pullback into the demand zone (0.705–0.79 retracement).

From there, a bullish reversal is expected, leading to a continuation toward the upper boundary of the channel.

Target point: Around $167.7, matching the 200 EMA and channel resistance.

Trend: Bullish (ascending channel)

Bias: Buy the dip / Continuation upward

Entry Zone: $154 – $155.5 (blue demand zone)

Target: $167 – $168

Invalidation: Break below channel support (~$150)

Abdul Khan

SOL holding strong above key EMAs — momentum looks intact for now.

Rimon Khan

As long as SOL keeps higher lows, trend bias stays bullish.