$SOL Update: Testing the $100 Level, Oversold RSI Watching for a Reaction 🔻
Solana (SOL) is trading around $100.54 on the perpetual chart, down -1.87% in 24 hours. The 24h range is $100.29 to $102.73, with volume of about $974M USDT.
Short-term view (1h chart):
• Price made lower highs and is now pressing right against the $100.29 low
• Supertrend is bearish at $102.65, acting as strong overhead resistance
• RSI(6) is at 28.1, in oversold territory, so a relief bounce is possible but not confirmed
• Resistance: $101.24, then $101.78 and $102.65
• Support: $100.29, then $100.16 and the psychological $100 level
Bigger picture:
• Today: -1.21%
• 7 Days: -1.63%
• 30 Days: -17.52%
• 90 Days: +33.02%
• 180 Days: +20.03%
• 1 Year: -48.22%
SOL is in a short-term downtrend and sitting on a key psychological level. Sellers have control until price reclaims the Supertrend line. The $100 zone is where buyers are likely to defend, so watch for a reaction here. A clean breakdown below it can accelerate the move lower.
📊 Trade Plan (Example Only):
Long (bounce play):
• Entry: $100.30 - $100.60 (wait for a green 1h candle to confirm)
• Stop Loss: $99.70
• TP1: $101.24
• TP2: $101.78
• TP3: $102.65
• Risk-Reward: approx. 1:2 or better
Short (breakdown play):
• Entry: Below $100.15 with a 1h candle close
• Stop Loss: $100.90
• TP1: $99.30
• TP2: $98.50
Invalidation: For longs, a 1h close below $100.00 cancels the bounce setup. For shorts, a strong close back above $101.24 invalidates the breakdown.
Oversold does not mean "buy now." Wait for confirmation, use small position size, and keep leverage low if trading futures.
Will SOL hold $100 or break down? Drop your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#sol #cryptotrading #Layer1 #TechnicalAnalysis #TradingSignals
$ERA
$BMT
Solana (SOL) is trading around $100.54 on the perpetual chart, down -1.87% in 24 hours. The 24h range is $100.29 to $102.73, with volume of about $974M USDT.
Short-term view (1h chart):
• Price made lower highs and is now pressing right against the $100.29 low
• Supertrend is bearish at $102.65, acting as strong overhead resistance
• RSI(6) is at 28.1, in oversold territory, so a relief bounce is possible but not confirmed
• Resistance: $101.24, then $101.78 and $102.65
• Support: $100.29, then $100.16 and the psychological $100 level
Bigger picture:
• Today: -1.21%
• 7 Days: -1.63%
• 30 Days: -17.52%
• 90 Days: +33.02%
• 180 Days: +20.03%
• 1 Year: -48.22%
SOL is in a short-term downtrend and sitting on a key psychological level. Sellers have control until price reclaims the Supertrend line. The $100 zone is where buyers are likely to defend, so watch for a reaction here. A clean breakdown below it can accelerate the move lower.
📊 Trade Plan (Example Only):
Long (bounce play):
• Entry: $100.30 - $100.60 (wait for a green 1h candle to confirm)
• Stop Loss: $99.70
• TP1: $101.24
• TP2: $101.78
• TP3: $102.65
• Risk-Reward: approx. 1:2 or better
Short (breakdown play):
• Entry: Below $100.15 with a 1h candle close
• Stop Loss: $100.90
• TP1: $99.30
• TP2: $98.50
Invalidation: For longs, a 1h close below $100.00 cancels the bounce setup. For shorts, a strong close back above $101.24 invalidates the breakdown.
Oversold does not mean "buy now." Wait for confirmation, use small position size, and keep leverage low if trading futures.
Will SOL hold $100 or break down? Drop your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#sol #cryptotrading #Layer1 #TechnicalAnalysis #TradingSignals
$ERA
$BMT
