SOL Faces Rejection at $124 — Is a Healthy Pullback Coming?*
Solana (SOL) is showing signs of exhaustion after a strong rally.
SOLUSDT is currently trading around *$118.32* after hitting a 24h high of *$124.99*. The coin is down -2.09% in 24h and -3.98% today, indicating profit booking at the top.
On the 4H chart, SOL had a vertical pump from the $96 zone to $124. Now price is correcting and the Fibonacci retracement levels are clearly in play:
Key Levels to Watch:
- 0.382 - $107.19 : First support
- 0.5 - $105.06 : Strong psychological level
- 0.618 - $102.92 : Golden pocket, high buying interest
- 0.786 - $99.88 : Deep support
- Major Base - $96.00 : The launchpad of the last pump
Despite the short-term dip, SOL is still strong on higher timeframes:
7D: +8.17% | 30D: +14.80% | 90D: +56.55% | 180D: +42.83%
This looks like a healthy correction, not a trend reversal. If BTC holds steady, $102 - $105 could be the next accumulation zone for bulls.
Are you buying this dip or waiting for $100?
#SOL #Solana #SOLUSDT #CryptoAnalysis #Altcoins
Not financial advice. Do your own research.