The picture is neutral in theory, but it is fragile. Following weeks of sideways movement, SOL is now trading close to both the 20-day and 50-day moving averages. Rather than the beginning of a significant trend, this usually indicates equilibrium between buyers and sellers. But every attempt at recovery is still capped by the 100-day moving average at $79, and the 200-day moving average is still much higher at $90, indicating that the overall trend is still negative.
According to the most recent candles, buyers are still defending the $72–$73 support range, which keeps the price from moving further toward the June lows. SOL#solana #ADA/BNB $SOL #ADA/BNB