The post Solana price forms a bullish failed auction at $131, bullish rally ahead? appeared on BitcoinEthereumNews.com. Solana’s price confirms a failed bullish auction at the key $131 support level, signaling strong demand and increasing the probability of a rally toward the next major resistance at $187. Summary Multiple failed breakdown attempts at $131 confirm strong buy-side absorption. Market structure favors upside as price holds above key high-time-frame support. Reclaiming value area levels could accelerate a bullish rotation toward $187. Solana (SOL) price is showing a decisive shift in momentum after forming a bullish failed auction pattern at the high-time-frame support level of $131. The repeated failure of price to break below this support, despite multiple attempts, has strengthened the case for a potential upside rotation. With buy-side pressure increasing and structural support holding firm, Solana’s price action now suggests that a bullish continuation may be developing. Traders are closely watching whether this failed auction will translate into a sustained rally toward the next significant resistance region at $187. Solana price key technical points Solana confirms a failed auction at the $131 support level, signaling strong demand. Price repeatedly rejected breakdown attempts and reclaimed support with strong buybacks. A bullish rotation toward $187 becomes possible if Solana holds above value area levels. SOLUSDT (1D) Chart, Source: TradingView Solana’s recent price behavior reveals a clean failed auction pattern forming around the $131 high-time-frame support. A failed auction occurs when the market attempts to break through a significant support or resistance level but is unable to sustain price beyond it. Instead, price quickly reclaims the level, signaling that the underlying order flow is not strong enough to push continuation in the attempted direction. In Solana’s case, multiple breakdown attempts beneath $131 were absorbed by intense buying pressure, pushing the price back above the support each time. This renewed strength follows broader ecosystem enthusiasm, with Scaramucci recently naming Solana one… The post Solana price forms a bullish failed auction at $131, bullish rally ahead? appeared on BitcoinEthereumNews.com. Solana’s price confirms a failed bullish auction at the key $131 support level, signaling strong demand and increasing the probability of a rally toward the next major resistance at $187. Summary Multiple failed breakdown attempts at $131 confirm strong buy-side absorption. Market structure favors upside as price holds above key high-time-frame support. Reclaiming value area levels could accelerate a bullish rotation toward $187. Solana (SOL) price is showing a decisive shift in momentum after forming a bullish failed auction pattern at the high-time-frame support level of $131. The repeated failure of price to break below this support, despite multiple attempts, has strengthened the case for a potential upside rotation. With buy-side pressure increasing and structural support holding firm, Solana’s price action now suggests that a bullish continuation may be developing. Traders are closely watching whether this failed auction will translate into a sustained rally toward the next significant resistance region at $187. Solana price key technical points Solana confirms a failed auction at the $131 support level, signaling strong demand. Price repeatedly rejected breakdown attempts and reclaimed support with strong buybacks. A bullish rotation toward $187 becomes possible if Solana holds above value area levels. SOLUSDT (1D) Chart, Source: TradingView Solana’s recent price behavior reveals a clean failed auction pattern forming around the $131 high-time-frame support. A failed auction occurs when the market attempts to break through a significant support or resistance level but is unable to sustain price beyond it. Instead, price quickly reclaims the level, signaling that the underlying order flow is not strong enough to push continuation in the attempted direction. In Solana’s case, multiple breakdown attempts beneath $131 were absorbed by intense buying pressure, pushing the price back above the support each time. This renewed strength follows broader ecosystem enthusiasm, with Scaramucci recently naming Solana one…

Solana price forms a bullish failed auction at $131, bullish rally ahead?

2025/12/05 01:56

Solana’s price confirms a failed bullish auction at the key $131 support level, signaling strong demand and increasing the probability of a rally toward the next major resistance at $187.

Summary

  • Multiple failed breakdown attempts at $131 confirm strong buy-side absorption.
  • Market structure favors upside as price holds above key high-time-frame support.
  • Reclaiming value area levels could accelerate a bullish rotation toward $187.

Solana (SOL) price is showing a decisive shift in momentum after forming a bullish failed auction pattern at the high-time-frame support level of $131. The repeated failure of price to break below this support, despite multiple attempts, has strengthened the case for a potential upside rotation.

With buy-side pressure increasing and structural support holding firm, Solana’s price action now suggests that a bullish continuation may be developing. Traders are closely watching whether this failed auction will translate into a sustained rally toward the next significant resistance region at $187.

Solana price key technical points

  • Solana confirms a failed auction at the $131 support level, signaling strong demand.
  • Price repeatedly rejected breakdown attempts and reclaimed support with strong buybacks.
  • A bullish rotation toward $187 becomes possible if Solana holds above value area levels.
SOLUSDT (1D) Chart, Source: TradingView

Solana’s recent price behavior reveals a clean failed auction pattern forming around the $131 high-time-frame support. A failed auction occurs when the market attempts to break through a significant support or resistance level but is unable to sustain price beyond it. Instead, price quickly reclaims the level, signaling that the underlying order flow is not strong enough to push continuation in the attempted direction.

In Solana’s case, multiple breakdown attempts beneath $131 were absorbed by intense buying pressure, pushing the price back above the support each time.

This renewed strength follows broader ecosystem enthusiasm, with Scaramucci recently naming Solana one of the major winners in the tokenization sector, adding an extra layer of confidence to market sentiment.

This is a significant development because the $131 level has acted as a structural anchor point in Solana’s broader trading range. Each time price dipped under the swing low, buyers stepped in aggressively, preventing any move toward the next significant support at $105.

The inability of bears to sustain their position confirms that liquidity below $131 has been fully absorbed and that demand dominates the order book at this level. This establishes $131 as a confirmed failed auction zone and validates the bullish interpretation.

Following the establishment of the initial swing low, Solana produced a clean rally into a swing high before returning to retest the $131 region. This retest is currently unfolding, and the strength of buybacks suggests that the market is respecting the support. With each defense of the level, the probability of a bullish continuation increases. 

This growing optimism aligns with broader momentum in the Solana ecosystem, including Solana Mobile’s plan to launch the SKR token in January, which has helped reinforce positive sentiment. From a structural standpoint, Solana appears to be transitioning from a reactive decline into a possible accumulation phase.

If Solana remains above the $131 support, the next major upside objective sits at the $187 resistance level. This region represents a high-time-frame zone that previously acted as a rejection area and is now the primary target for any rally that emerges from the failed auction.

Failed auction theory further supports this interpretation. When price attempts to break a key level and fails, the market often rotates sharply in the opposite direction. Such moves occur because trapped participants on the losing side must unwind their positions, fueling additional momentum. In Solana’s case, the failure to break down below $131 sets the stage for a reversal toward the upside.

What to expect in the coming price action

If Solana holds above the $131 support and regains control of the value area levels, a bullish continuation toward the $187 resistance becomes increasingly likely. A breakdown below $131 would invalidate the failed auction and reopen the path toward $105, but current order flow favors the upside scenario.

Source: https://crypto.news/solana-price-forms-a-bullish-failed-auction-at-131-rally-ahead/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Short-Term Bitcoin Profits Dominate For The First Time Since 2023

Short-Term Bitcoin Profits Dominate For The First Time Since 2023

The post Short-Term Bitcoin Profits Dominate For The First Time Since 2023 appeared on BitcoinEthereumNews.com. Bitcoin is making another attempt to break the downtrend that has kept the crypto king capped since late October. Price is hovering near $91,000 as investors watch a rare shift in market structure unfold.  For the first time in more than two and a half years, short-term holders have surpassed long-term holders in realized profits, creating both opportunities and risks for BTC. Sponsored Sponsored Bitcoin Sees Some Shift The MVRV Long/Short Difference highlights a notable change in Bitcoin’s profit distribution. A positive reading usually signals long-term holders hold more unrealized gains, while a negative value indicates short-term holders are ahead. In Bitcoin’s case, the difference has dipped into negative territory for the first time since March 2023. This marks 30 months since short-term holders last led in profits. Such dominance raises concerns because short-term holders tend to sell aggressively when volatility increases. Their profit-taking behavior could add pressure on BTC’s price if the broader market weakens, especially during attempts to break the downtrend. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Bitcoin MVRV Long/Short Difference. Source: Santiment Sponsored Sponsored Despite this shift, Bitcoin’s broader momentum shows encouraging signs. Exchange net position change data confirms rising outflows across major platforms, signaling a shift in investor accumulation. BTC leaving exchanges is often treated as a bullish indicator, reflecting confidence in long-term appreciation. This trend suggests that many traders view the $90,000 range as a reasonable bottom zone and are preparing for a potential recovery. Sustained outflows support price stability and strengthen the probability of BTC breaking above immediate resistance levels. Bitcoin Exchange Net Position Change. Source: Glassnode BTC Price Is Trying Its Best Bitcoin is trading at $91,330 at the time of writing, positioned just below the $91,521 resistance. Reclaiming this level and flipping it into support…
Share
BitcoinEthereumNews2025/12/08 05:57
OKX founder responds to Moore Threads co-founder 1,500 BTC debt

OKX founder responds to Moore Threads co-founder 1,500 BTC debt

The post OKX founder responds to Moore Threads co-founder 1,500 BTC debt appeared on BitcoinEthereumNews.com. The successful stock market debut of Moore Threads, a company that’s being touted as China’s answer to Nvidia, has been overshadowed by resurfaced allegations that link one of its co-founders to an unpaid cryptocurrency debt that has been lingering for roughly a decade. Shares in the GPU maker skyrocketed to as much as 470% on Thursday following its initial public offering (IPO) on the Shanghai Stock Exchange, valuing the company at around RMB 282 billion ($39.9 billion). However, as the success was being celebrated online, a social media post revived claims that Moore Threads’ co-founder Li Feng borrowed 1,500 Bitcoins from Mingxing “Star” Xu, founder and CEO of cryptocurrency exchange OKX, and never repaid the loan. Crypto past with OKX founder resurfaces In an X post, AB Kuai.Dong referenced Feng’s involvement in a 2017 initial coin offering that raised 5,000 ETH alongside controversial angel investor Xue Manzi. Feng allegedly dismissed the Bitcoin loan, stating, “It was just that Xu Mingxing’s investment in me had failed.” Xu responded to the post with a conciliatory message, writing, “People cannot always remain in the shadow of negative history. Face the future and contribute more positive energy.” He added, “Let the legal system handle the debt issue,” and offered blessings to every entrepreneur. Feng reportedly partnered with Xue Manzi and Li Xiaolai in 2017 to launch Malego Coin, which was later renamed Alpaca Coin MGD. The project reportedly raised approximately 5,000 ETH, but it was around this period that China banned ICOs, allowing regulators to crack down on what they viewed as speculative excess and potential fraud in the cryptocurrency sector. The Bitcoin loan dispute appears separate from the ICO controversy. According to sources familiar with the matter, the original loan agreement was dated December 17, 2014, with an expiry of December 16, 2016.…
Share
BitcoinEthereumNews2025/12/08 06:13