$SOL 📈 *Market Trend: BULLISH Recovery Bounce - Oversold Reversal*
SOL/USD bounced to *$95.78*, up +6.58% (+$5.92) from $89.86 low - lowest since August. Testing June trendline support at $90.
- *Current price:* $95.78 (+2.7% today) as in chart
- *🟢 Support:* $90.77 (ascending trendline since June - key) / $89.86 (day low) / $87.21 / $70.58 (if breaks)
- *🔴 Resistance:* $98.14 (day high) / $100.00 (psychological) / $103.17 (50-day EMA) / $98.40-$100.65 (sell zone)
- *📈 Outlook:* BULLISH reversal pending. RSI 30.5 recovering from 26 (deep oversold since June). Pending daily reversal candle noted by analysts. MACD still bearish (-4.24) but improving. Fear 35, SOL below all EMAs (20/50/100/200) = crowded short.
- *📈 Bullish scenario:* Hold $90.77 -> Break $98.14 opens $100 then $103.17. Nov target $98-$108.88. Jan 2024 same drop led to $250 later.
- *🎯 Trading Bias:* BUY oversold bounce. Buy near $90.77-$91.11, stop below $89.27. Target $95.80 / $98.05 / $100. Volume 1.24M rising.
#USMidterms-WhatAreMarketsExpecting? #sol #solana #binanacesquarenews #binanacesquare
SOL/USD bounced to *$95.78*, up +6.58% (+$5.92) from $89.86 low - lowest since August. Testing June trendline support at $90.
- *Current price:* $95.78 (+2.7% today) as in chart
- *🟢 Support:* $90.77 (ascending trendline since June - key) / $89.86 (day low) / $87.21 / $70.58 (if breaks)
- *🔴 Resistance:* $98.14 (day high) / $100.00 (psychological) / $103.17 (50-day EMA) / $98.40-$100.65 (sell zone)
- *📈 Outlook:* BULLISH reversal pending. RSI 30.5 recovering from 26 (deep oversold since June). Pending daily reversal candle noted by analysts. MACD still bearish (-4.24) but improving. Fear 35, SOL below all EMAs (20/50/100/200) = crowded short.
- *📈 Bullish scenario:* Hold $90.77 -> Break $98.14 opens $100 then $103.17. Nov target $98-$108.88. Jan 2024 same drop led to $250 later.
- *🎯 Trading Bias:* BUY oversold bounce. Buy near $90.77-$91.11, stop below $89.27. Target $95.80 / $98.05 / $100. Volume 1.24M rising.
#USMidterms-WhatAreMarketsExpecting? #sol #solana #binanacesquarenews #binanacesquare
