đ„$SOL just ripped off the $70.58 low while the Supertrend still sits overhead, and the crowd is already calling it over.
4H at $73.48 (+0.42%). Price reclaimed MA(7) $72.65 and is testing MA(25) $73.40, but remains under Supertrend $74.30 and MA(99) $75.20 (red cloud). The recovery candles after the flush are decisive. StochRSI surging at 73.21 / 41.32 from oversold territory, momentum is returning fast.
đžKey levels:
âą Support: $72.70â$72.00 â $70.58 (must hold).
âą Resistance: $74.30 (Supertrend) â $75.20â$75.30 â $76â$77.
đžOn-chain verdict: Solana still posts millions of daily transactions and active addresses. Stablecoin supply and RWA continue expanding even as speculative volume cooled. High stake ratio remains a structural positive. This is not network failure , itâs price digestion under residual overhead supply.
đžHigh-probability long setup (4H): Look for a clean hold above $72.80â$73.20 with volume confirmation as StochRSI stays elevated.
Entry zone: $72.80â$73.50
Invalidation: 4H close under $70.50
Targets: $74.30 (Supertrend flip) â $75.30 â $76.50â$78.
Risk-reward is attractive here. The liquidity sweep already happened; the next leg usually favors the reclaim.
Everyone loves to declare Solana âdeadâ every time it consolidates. The chart and the chain disagree.
NFA. DYOR.
$SOL #Solana #SOLUSDT #BinanceSquare
#ShareYourThoughtOnBTC
4H at $73.48 (+0.42%). Price reclaimed MA(7) $72.65 and is testing MA(25) $73.40, but remains under Supertrend $74.30 and MA(99) $75.20 (red cloud). The recovery candles after the flush are decisive. StochRSI surging at 73.21 / 41.32 from oversold territory, momentum is returning fast.
đžKey levels:
âą Support: $72.70â$72.00 â $70.58 (must hold).
âą Resistance: $74.30 (Supertrend) â $75.20â$75.30 â $76â$77.
đžOn-chain verdict: Solana still posts millions of daily transactions and active addresses. Stablecoin supply and RWA continue expanding even as speculative volume cooled. High stake ratio remains a structural positive. This is not network failure , itâs price digestion under residual overhead supply.
đžHigh-probability long setup (4H): Look for a clean hold above $72.80â$73.20 with volume confirmation as StochRSI stays elevated.
Entry zone: $72.80â$73.50
Invalidation: 4H close under $70.50
Targets: $74.30 (Supertrend flip) â $75.30 â $76.50â$78.
Risk-reward is attractive here. The liquidity sweep already happened; the next leg usually favors the reclaim.
Everyone loves to declare Solana âdeadâ every time it consolidates. The chart and the chain disagree.
NFA. DYOR.
$SOL #Solana #SOLUSDT #BinanceSquare
#ShareYourThoughtOnBTC