$SOL keeps sliding toward a level that bulls really need to defend. Is $92 the line in the sand?
The daily chart is still under pressure, with SOL trading around $93.82 after another rejection. The recent low at $92.25 is now the key support to watch.
Important levels:
Support: $93.60 to $92.25
Next support: $89.50
Resistance: $96.90
Major hurdle: $104.30 to $107.23
Holding $92.25 could give buyers a chance to stabilize the price. But a clean break below it may open the door to further downside.
The daily Supertrend remains bearish. SOL needs to reclaim key resistance before the recovery gets convincing.
#SOL
The daily chart is still under pressure, with SOL trading around $93.82 after another rejection. The recent low at $92.25 is now the key support to watch.
Important levels:
Support: $93.60 to $92.25
Next support: $89.50
Resistance: $96.90
Major hurdle: $104.30 to $107.23
Holding $92.25 could give buyers a chance to stabilize the price. But a clean break below it may open the door to further downside.
The daily Supertrend remains bearish. SOL needs to reclaim key resistance before the recovery gets convincing.
#SOL
