SOL/USDT | Towards 90 and higher!

By analyzing the 4H chart of SOLUSDT we can see that it is currently trying to go through the Bearish Breaker, and also on its way to sweep the liquidity above the 89.32 level. Solana is being traded at 89.25 at the moment, just above the 4H FVG Low.

I expect Solana to go through the Bearish breaker and then if it manages to go above the 89.85 level and stabilize there, I expect it to go higher, overtaking the 90.61 resistance level and then go towards the 90.73 level to sweep the liquidity above that level. I expect Solana to go towards the 92.03 level after the liquidity sweep.

However, if Solana stabilizes below the Consequent Encroachment of the 4H FVG at 89.85, it may drop to the 89.11 level first and if it doesn’t hold there, further drop towards 87.10 level is expected.