Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Solana’s massive rally hit a hurdle near $25.
• There were massive sell limit orders at $25, $28, and $30.

Solana [SOL] posted +20% gains after fronting an impressive recovery since 28 September. But the recovery faltered at the daily bearish order block (OB) above $24, setting it into a consolidation above $22. 

Is your portfolio green? Check out the SOL Profit Calculator 

Meanwhile, Bitcoin [BTC] consolidated recent losses above the mid-range of $27.1k at press time. 

In a previous Solana price prediction, AMBCrypto was inclined towards a possible faltering at the $25 roadblock, with $22 as a likely buying interest level. The projection was validated, but the price entered a range formation. 

Can SOL bulls push forward?

SOL defended the previous H12 bearish OB of $22.5 – $23.4 (cyan) as the support zone as of press time. If the level holds, SOL could retest or clear the roadblock and daily bearish OB near $25. 

Besides, the recent rally left behind a price imbalance and FVG (Fair Value Gap) around $21.84 – $22.44 (orange). That means the stretch from $21.84 to $23.4 could act as a bullish zone. 

However, an extended drop, especially if BTC drops below $27k, could set SOL to head to

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Author: Benjamin Njiri

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