A strong rebound, but resistance is the next test.
$SOL bounced from $100.43 to $105.69 on this 1-hour chart, reclaiming all three moving averages. Buyers have improved the short-term structure, but $106.22 remains the level to clear.
Levels I’m watching:
• Resistance: $106.22
• Initial support: $105.25–$105.60
• Deeper support: $104.31–$103.75
• Major support: $100.43
A confirmed hourly close above $106.22, followed by a successful retest, would strengthen the recovery case. Losing nearby support could bring the deeper support zone back into play.
I’m watching for confirmation before chasing this bounce.
Can buyers turn $106.22 into support?
DYOR. Not financial advice.
#Solana #SOL #Crypto #Altcoins #CryptoTrading
$SOL bounced from $100.43 to $105.69 on this 1-hour chart, reclaiming all three moving averages. Buyers have improved the short-term structure, but $106.22 remains the level to clear.
Levels I’m watching:
• Resistance: $106.22
• Initial support: $105.25–$105.60
• Deeper support: $104.31–$103.75
• Major support: $100.43
A confirmed hourly close above $106.22, followed by a successful retest, would strengthen the recovery case. Losing nearby support could bring the deeper support zone back into play.
I’m watching for confirmation before chasing this bounce.
Can buyers turn $106.22 into support?
DYOR. Not financial advice.
#Solana #SOL #Crypto #Altcoins #CryptoTrading