SOL/USDT Technical Analysis
$SOL is currently trading around the $70 area and is testing a very important support zone near $66.8-$68.
• Key Support: $66.8 - $68 • Next Support: $60 - $62 • Major Resistance: $90 - $95 • Strong Resistance: $100 - $105
From a technical perspective, SOL remains in a bearish structure as the price is trading below its major moving averages. The market has repeatedly failed to break above the $90-$95 resistance zone, showing that sellers are still in control.
Bullish Scenario: If SOL manages to defend the current support, a relief rally toward $80-$90 could develop, with $95 being the first major hurdle.
Bearish Scenario: A confirmed breakdown below $66.8 could trigger further downside toward $60-$62. If overall crypto market sentiment weakens, an extension toward the $50-$55 region cannot be ruled out.
At the moment, patience is key. A clear reclaim of major resistance levels would be needed before confirming a long-term trend reversal.
Disclaimer
: Not financial advice. Always DYOR and manage your risk.