SOLANA IS SITTING AT A VERY INTERESTING LEVEL.
$SOL has already gone through a pretty brutal move from around $92 down to $65, a 28% correction.
Now we’re back near $75 and price is once again sitting around the trendline.
Time to pay attention.
If the trendline holds, bulls still have a chance to build something here.
But if we lose it, I think $65 becomes the strong high
and if that level breaks too, then $54-$55 levels is next good support.
That would be another 27% dump from $75.
Not saying it has to happen.
Just saying the chart has a pretty clear line in the sand right now.
$SOL has already gone through a pretty brutal move from around $92 down to $65, a 28% correction.
Now we’re back near $75 and price is once again sitting around the trendline.
Time to pay attention.
If the trendline holds, bulls still have a chance to build something here.
But if we lose it, I think $65 becomes the strong high
and if that level breaks too, then $54-$55 levels is next good support.
That would be another 27% dump from $75.
Not saying it has to happen.
Just saying the chart has a pretty clear line in the sand right now.