$SOL Solana is facing short-term selling pressure, down 3.14%, but its reaction near the $95 support cluster deserves attention. RSI approaching oversold territory and neutral funding suggest potential seller exhaustion. A double-bottom formation remains possible if BTC stabilizes. However, elevated open interest and broader macro weakness require caution.
📈 Bias: Neutral to Bearish short-term | 🎯 Entry: $94.50–$95.50 | 🛡 Support: $93.00 | 🚧 Resistance: $99.80 | 🎯 Targets: $98.50 / $102.00 / $106.00 | ❌ Invalidation: Close below $92.50
Strategy: Watch for confirmation of a demand-zone bounce before considering a mean-reversion long.
#SOL #Solana #CryptoTrading #TechnicalAnalysis #BinanceSquare
📈 Bias: Neutral to Bearish short-term | 🎯 Entry: $94.50–$95.50 | 🛡 Support: $93.00 | 🚧 Resistance: $99.80 | 🎯 Targets: $98.50 / $102.00 / $106.00 | ❌ Invalidation: Close below $92.50
Strategy: Watch for confirmation of a demand-zone bounce before considering a mean-reversion long.
#SOL #Solana #CryptoTrading #TechnicalAnalysis #BinanceSquare
