$SOL is showing a test of its 200-day moving average after a sharp pullback.
Looking at the recent structure, price has slipped toward the $89–$90 zone with elevated volume, sitting right on the 200-day MA near $88.9. Daily RSI has reached oversold territory around 29, while prior resistance sits near $93–$98. On the fundamental side, the Alpenglow upgrade is live (targeting ~150ms finality), Samsung Wallet now supports USDC on Solana for eligible U.S. users, and DEX activity remains strong even as ETF flows have been mixed to negative recently. Social sentiment currently leans cautious after the multi-week decline.
I’m personally watching a daily close above or below the $88.9–$90 area for clearer confirmation. If it loses that zone cleanly, the short-term structure weakens further toward the mid-to-low $80s.
Not financial advice — always do your own research and manage risk.
$SOL
Looking at the recent structure, price has slipped toward the $89–$90 zone with elevated volume, sitting right on the 200-day MA near $88.9. Daily RSI has reached oversold territory around 29, while prior resistance sits near $93–$98. On the fundamental side, the Alpenglow upgrade is live (targeting ~150ms finality), Samsung Wallet now supports USDC on Solana for eligible U.S. users, and DEX activity remains strong even as ETF flows have been mixed to negative recently. Social sentiment currently leans cautious after the multi-week decline.
I’m personally watching a daily close above or below the $88.9–$90 area for clearer confirmation. If it loses that zone cleanly, the short-term structure weakens further toward the mid-to-low $80s.
Not financial advice — always do your own research and manage risk.
$SOL
