Solana price printed a failed auction below $121 and quickly reclaimed value, signaling seller exhaustion and opening the door for a potential rally. The rapid reclaim above $121 and acceptance above the Value Area High suggests buyers stepped in and refuted the breakdown. This shift points to an upside rotation toward the $144 resistance as a likely next step.
A failed auction occurs when price briefly breaks a level, triggers liquidity, and then reclaims it without follow-through. In Solana’s case, the dip below $121 was not sustained, and buyers pushed prices back higher, invalidating the breakdown. Acceptance above the VAH marks a shift to higher value and increases the probability of continued rotation toward higher zones.
Reaching $144 would complete a full auction cycle from the Value Area Low to the Value Area High, a common outcome after failed auctions. The $144 region has previously served as a rejection zone, making it a natural upside target. If Solana holds above the reclaimed value area and above $121, the probability of a rotation to the $144 resistance remains elevated; failure to sustain value could keep Solana in a range.
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