Technical analysis by FrankFx14 about Symbol SOL: Sell recommendation (5/28/2025)

Solana is currently testing a key supply zone around $174-$175, with repeated rejection signals forming at this level. This range coincides with a visible range high-volume node, indicating strong resistance from previous price memory.---🔑 Key Levels:🔵 Resistance Zone: $173.80 – $175.30 (heavy supply)🟦 Mid-Range Support: $141.50 – previously a strong flip zone🟫 Demand Zone: $103 – $116 (historical demand, strong buying interest)---🔁 Market Structure:Price has rallied significantly from March lows near $100.The current price action is consolidating below resistance, with bearish wicks suggesting exhaustion.A potential double top may be forming at this resistance.---📉 Bearish Scenario:If SOL breaks below $170 with strong volume: ➡️ First Target: $141.50 (previous support)➡️ Second Target: $116.40➡️ Final Support: $103 demand zone---🔍 Watch For:✅ Bearish confirmation candle closing under $170✅ Increase in sell volume✅ MACD/RSI divergence (check your indicators)✅ Economic catalysts (FOMC, CPI, etc. due in early June as shown with US flags)---🔄 Bullish Invalidation:A clean breakout and close above $175.50 with volume could invalidate this short thesis and potentially lead to a continuation toward $190+.---📢 What do you think? Will SOL dump or pump from here?🧠 Drop your thoughts and setups in the comments!❤️ Like & Follow for more TA like this every week!#Solana #SOLUSD #CryptoTrading #SupplyAndDemand #LuxAlgo #BearishReversal #PriceAction #SwingTrading #Altcoins #TradingView