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Solana’s Breakdown: Is a Full Rotation to $19 Coming?
Traders must recognize that the current breakdown is not just a random drop but part of a larger market cycle—where phases of accumulation, distribution, and markdown play a crucial role in price discovery.
Today’s report will include:
SOLANA Technical Analysis
Market Psychology
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SOLANA ROTATION
Today’s analysis focuses on Solana’s price action as it approaches critical confluence zones, with a breakdown confirming a structural shift in the market.
Technical Points to Consider:
$135 support has flipped into resistance across multiple timeframes, confirming a bearish structure.
The next major support sits at $96.85, a high-timeframe monthly level that has historically held price.
• A full Market Auction Theory rotation could bring Solana down to $19, aligning with the Point of Control (POC) and value area low for the macro range.
Solana has now broken below a major liquidity level, signaling a transition in market structure. The previous support at $135 has now turned into resistance, with clear rejections on the daily and 4-hour timeframes. This confirms that supply is increasing at this level, reinforcing the downside bias. The next key support to watch is $96.85, a long-standing monthly level that historically provided strong reactions. If price reaches this zone, traders should look for signs of absorption or continuation, as this could dictate whether we see a temporary bounce or further breakdown.
Looking at volume profile data, Solana’s Point of Control (POC) aligns with the $19 region, which is also where the value area low sits for the broader range. This creates a high-confluence demand zone, where price historically spent the most time trading. If price follows through with a full auction rotation, this level becomes a magnet for liquidity and a strong area for potential accumulation. However, before reaching this extreme, price may interact with minor supports and liquidity pockets along the way.
For traders and investors, patience is key. Jumping in too early without confirmation increases risk, especially when price is still in a markdown phase. Waiting for structural reclaim levels or reaction points at strong confluence zones will provide higher-probability setups. If Solana reaches the $19 value area low, this could mark an area of significant interest for long-term positioning, but confirmation will be needed before calling a cycle bottom.
Hope this analysis helps.
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#BITCOIN IS IN A MASSIVE BUY AREA RIGHT NOW!
— Coinvo (@ByCoinvo)
8:00 PM • Mar 9, 2025
Psychology 🧠

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