Technical analysis by FrankFx14 about Symbol SOL: Buy recommendation (6/17/2025)

Solana is showing strong signs of accumulation after tapping a key 4H demand zone. Price is now stabilizing above $146 and may be preparing for a bullish push toward key resistance levels.📌 Key Technical Highlights:🔸 Strong Demand Zone – $146.92 to $140.00:This orange zone has served as a launchpad in the past, and recent bullish rejection suggests buyers are active again.🔸 Mid-Range Resistance – $165.70:A previous flip zone and potential short-term target. If SOLUSD holds above $146, this level is likely to be tested again soon.🔸 Major Supply Zone – $183.18:This level marks a strong overhead resistance from previous highs. A break above $165 would bring $183 into focus.🔄 Current Market Behavior:SOL recently formed a double-bottom structure at demand.Price is now pulling back slightly after a short-term bounce.If buyers defend the $146 level again, expect a new wave toward $165.🎯 Trade Setup:Buy Zone: $146–$150TP1: $165TP2: $183Stop Loss: Below $140🧠 Insights:With market sentiment gradually improving across altcoins, Solana is looking primed for a relief rally. A breakout above $165 would invalidate the lower high structure and confirm a trend reversal on the 4H chart.---💬 What’s your take on SOL this week? Bullish or still cautious? Drop your thoughts below 👇📍 Don’t forget to follow for real-time crypto setups and insights!#Solana #SOLUSD #CryptoTrading #TechnicalAnalysis #FrankFx14 #PriceAction #DemandZone #BullishSetup #LuxAlgo #Altcoins #TradingView