$SOL Just Hit Its 200-Day Average While Network Usage Keeps Exploding 🔥
Takeaway: SOL is oversold at a major support zone, and that’s where bounces often start.
🔹 Price: ~$89.5, down ~28% from its September high near $124
🔹 RSI: ~29, deeply oversold
🔹 Support: $88-$89 (200-day average and lower Bollinger band), then $86-$87
🔹 Upside: $92.75, then $95-$98 (+6-10%), with the 20-day average near $99
🔹 Usage: ~108M daily transactions, plus Samsung Wallet adding USDC support
My plan:
✅ Scale in with small size instead of one big entry
✅ Set a stop-loss below $86
✅ Take profits near $95-$98
⚠️ Risk: SOL is on a sixth straight weekly decline, and a break below $87 could open $82.8, then $70.
👉 Tap $SOL to check the chart and plan your entry.
💬 Buying the oversold dip, or waiting for confirmation? 👇
⚠️ Not financial advice. DYOR.
#SOL #Solana #Crypto #BinanceSquare
Takeaway: SOL is oversold at a major support zone, and that’s where bounces often start.
🔹 Price: ~$89.5, down ~28% from its September high near $124
🔹 RSI: ~29, deeply oversold
🔹 Support: $88-$89 (200-day average and lower Bollinger band), then $86-$87
🔹 Upside: $92.75, then $95-$98 (+6-10%), with the 20-day average near $99
🔹 Usage: ~108M daily transactions, plus Samsung Wallet adding USDC support
My plan:
✅ Scale in with small size instead of one big entry
✅ Set a stop-loss below $86
✅ Take profits near $95-$98
⚠️ Risk: SOL is on a sixth straight weekly decline, and a break below $87 could open $82.8, then $70.
👉 Tap $SOL to check the chart and plan your entry.
💬 Buying the oversold dip, or waiting for confirmation? 👇
⚠️ Not financial advice. DYOR.
#SOL #Solana #Crypto #BinanceSquare
