Solana (SOL) Bounces Back - Is $100 Next?????
Solana is showing strength again , After hitting a low near $89.77 on Nov 4 Solana is now trading around $95.76 up 4.06% in 24H.
Yesterday was tough - SOL was oversold with RSI at 26.13. But buyers stepped in and now momentum is building.
Key Levels You MUST Know:
✅ Support: $91.39 and $89.27 - this is the buy zone
🔥 Resistance: $98.04 - $98.52 (100-day MA) and $100.76 (20-day MA)
🎯 Target: If SOL breaks $100, next stop is $1000CHEEMS 2.71
What's Happening Behind The Scenes?
Bitcoin Rebound: BTC bounced from $75,600 to $78,300 after US midterm results, helping all altcoins.
Hacker Pressure: Binance hack attacker moved ∼87,000 SOL ($8M), but SOL still pumped 1.2% despite selling. Strong sign!
ETF Flows:
Solana spot ETFs saw $63.4M outflows, but price is still recovering - shows strong spot buying.
Market Cap is $56.53B, Rank #7 with $5.17B volume. To reach $100, we need about $3.9B more buying.
My Take: $100 is psychological. If SOL closes above $98.04 today, $100 breakout is very likely this week. But watch $91.39 support - break below could mean more downside.
Are you buying SOL before $100?
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---$AAPLB 