I was looking at the SOL chart for a long time today. The funny thing is, at first it seemed like nothing much was happening in the market. The candles weren't very exciting either. But after zooming out a little, I realized that maybe this quiet time is telling the real story.
SOL is currently hovering between $74 and $78. From the outside, it may seem like a sideways market. But I always notice one thing - when an asset repeatedly holds the same zone, it can weaken or gain strength. This is where the real difference lies.
In my eyes, the $70-$72 zone is very important now. Because this area has acted as support several times. As long as this level holds, I can't see it as completely negative. Of course, it's also true that everything can change in a day. If this support breaks, then you may have to look for a new price downwards.
And what if the opposite happens?
If the bounce starts from here, I think the first big test will be the $85-$88 zone. Many people talk about $100 directly, but I don't think there's much reason to get too excited about $100 before $88. Because most of the time the market stops or retests before breaking major resistance. $100 number also has a different significance. It's not just a price on the chart, but a psychological level. Many traders attach importance to such round numbers. So if we ever see a strong daily candle close above $88, then $100 won't seem like a far-fetched goal.
However, even if you make a decision based on the SOL chart alone, you won't understand the whole picture. What Bitcoin is doing is equally important. In my experience, if BTC is flat or slowly rising, then big altcoins like SOL have a chance to show their moves. But if BTC suddenly becomes volatile, even good charts often don't work.
Another thing I can't ignore is the use of the Solana network. Low transaction fees, DeFi activity, memecoin trading... all these are still keeping the network busy. If positive news about ETFs or interest from big capital is added to this in the future, then that could also be helpful for the price.
However, I keep one thing in mind..... charts never promise, only show possibilities. So for me right now, SOL is standing at a point where patience may be more important than excitement.
Maybe $100 is really ahead. Or it could be that the market will test our patience again first. The chart is leaving both doors open for now.