- A downwards trend of 4.6% brought Solana back to the 4H imbalance region, at $136.97.
- It had resistance at the $147 level following several unsuccessful attempts to regain it.
- The 24-hour trading was also within the range of 137.22 and 143.97 support and resistance.
The new session saw Solana come in with pressure with the asset at $136.97 after falling by a margin of 4.6%. The drop followed another rejection near $147, a level that continued to hold firm through recent attempts. This area marked a critical point on the chart because the price failed to flip it, and that failure reinforced the current structure on the 4-hour timeframe.
The chart also showed activity around a developing imbalance zone below, which added more focus to the lower region as the session progressed. With this setup forming, traders monitored short-term movements closely while the asset hovered just above its $137.22 support level.
Rejection at $147 Keeps Solana Locked in Mid-Range While Imbalance Zones Guide Short-Term Structure
The $147 level remained important because the chart displayed several attempts that stalled near that point. These attempts came with increasingly sharp pullbacks, and each one kept the market within a controlled range. Moreover, the latest rejection aligned with the early-morning move, which pushed the price back toward the lower band of the visible structure.
The 4-hour chart also showed that price returned to the area where the imbalance began. This return created more interaction around the shaded regions, which highlighted active trading zones. However, the move did not break the larger range because the upper boundary stayed intact.
This setup allowed the session to shift toward the middle of the range, and that shift helped define the next visible movements. The asset continued moving between the support level at $137.22 and the resistance level at $143.97, which kept traders focused on the narrow band controlling the chart.
Solana Holds Near Support While Repeated Pauses Form Inside the 4H Imbalance Zone
Activity around the 4-hour imbalance added another layer of structure. The chart suggested that price moved deeper into this region after failing to reclaim the upper level. As this movement unfolded, the asset revisited prior lows that formed during earlier pullbacks.
These movements kept the short-term direction aligned with the lower region of the range. Notably, the price held close to the support level, and that position shaped subsequent candles on the chart. Furthermore, this interaction created consistent pauses along the way, and those pauses showed how the market responded to each small shift. This pattern guided the session while Solana traded near $136.97.
Market Conditions Highlight Tight Range and Rising Volatility
The price action also highlighted increased volatility near the upper boundary. Each approach to $147 produced sharp reactions, and those reactions repeated across several attempts. This repetition showed how the market treated the level during recent sessions.
The 24-hour range remained defined between support at $137.22 and resistance at $143.97, and this range framed all short-term movements. As the price held within this zone, traders continued tracking how each key level shaped the next intraday steps.
