SOL/USDT – Technical Analysis
Structure: Price is moving within an ascending channel after a strong bounce from the $72–75 area. Short-term trend remains bullish, but momentum is slowing near resistance.
Resistance Zone: $89–91 (gray supply area). Multiple rejections here suggest sellers are active.
Support Levels:
Channel support: ~$85
Key horizontal support: $82–83
RSI (14): Around 51 – neutral, cooling from prior overbought conditions. Indicates consolidation rather than strong continuation.
Scenarios
Bullish: Hold above $85 and break/close above $91 → potential continuation toward $95–100.
Bearish: Lose $85 → likely pullback toward $82, possibly $78 if selling accelerates.
Bias: Cautious bullish while inside channel, but price is at a decision area.
Invalidation: Sustained break below channel support (~$85).
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