$SOL is trading around $119.57 on the 1D chart.
🔹 Resistance: $122.83–$124.95
🔹 Support: $116.79–$117.36
🔹 MA(7): $120.03
🔹 MA(25): $109.79
🔹 MA(99): $88.58
📈 Price is still above the MA(25) and MA(99), showing a strong broader structure. However, $SOL is currently close to the $120–$125 resistance area, so confirmation is important.
Bullish scenario: A strong daily close above $124.95 with increasing volume could indicate further upside momentum.
Bearish scenario: Rejection near resistance followed by a break below $116.79 could bring more downside pressure.
⚠️ This is technical analysis, not financial advice. Always manage risk and avoid entering trades based on one indicator.
What level are you watching for $SOL ?👇
#SOL #SOLUSDT💸🧲 #BinanceSquare #CryptoTrading. #TechnicalAnalysis
🔹 Resistance: $122.83–$124.95
🔹 Support: $116.79–$117.36
🔹 MA(7): $120.03
🔹 MA(25): $109.79
🔹 MA(99): $88.58
📈 Price is still above the MA(25) and MA(99), showing a strong broader structure. However, $SOL is currently close to the $120–$125 resistance area, so confirmation is important.
Bullish scenario: A strong daily close above $124.95 with increasing volume could indicate further upside momentum.
Bearish scenario: Rejection near resistance followed by a break below $116.79 could bring more downside pressure.
⚠️ This is technical analysis, not financial advice. Always manage risk and avoid entering trades based on one indicator.
What level are you watching for $SOL ?👇
#SOL #SOLUSDT💸🧲 #BinanceSquare #CryptoTrading. #TechnicalAnalysis
