In a recent TradingView analysis<\/a>, Spartan Trader expressed that Solana is ripe with actionable insights for traders. Initially, he pinpointed a support level at $125.50, while indicating a resistance point at $185. He identified psychological milestones at $150 and $190, essential for investor sentiment.<\/p>\n The analyst detailed a developing bearish wedge, leading to a bearish channel characterized by multiple tests of both support and resistance. Additionally, he referenced the concept of a Fair Value Gap (FVG), noting one significant bearish 4-hour FVG above SOL’s current price, and three bullish 4-hour FVG levels beneath it.<\/p>\n He further highlighted a critical price area known as the Golden Pocket, strategically located just below the aforementioned FVG, coinciding with the important $190 psychological barrier. Spartan Trader referred to this alignment as a robust confluence for potential upward movement.<\/p>\n <\/p>\n In a positive market outlook, Spartan Trader posited that, bolstered by multiple supporting indicators around the $150 mark, Solana\u2019s price could efficiently sweep past previous lows, leveraging a lower anchored VWAP. He suggested this could culminate in the formation of a Cup and Handle pattern, energizing the market for a breakout from the bearish wedge.<\/p>\n Conversely, regarding the bearish scenario, the analyst warned that above the $200 psychological level, there exists a Rejection Block. He suggested that a sweep in this area might lead to significant liquidations, pulling Solana back into its bearish framework and aiming for a breakout towards the Point of Control (POC).<\/p>\n<\/span>SOL: A Path to New All-Time Highs<\/b><\/span><\/h2>\n