$SOL is coiled just above its Nov 5 floor. Binance has it near 89.30 USDT right now, down about 0.9% on the day, in a tight session so far between 88.83 and 89.82. The Nov 5 wipeout wicked to 88.30, and the last three daily lows have all bounced from just above that mark. This is two days before US CPI on Tuesday, and about a week before Breakpoint in London (Nov 15-17).
If daily closes hold 88.30 through Nov 14, I'd watch a bounce toward 91.60 (Nov 6 high), then 96 (the Oct 30 close). A daily close below 88.30 and I'd watch 87.70 (Aug 22 wick) next, then around 84. Slight bearish lean while it stays under 91.60. I'd be wrong if a daily close above 96 holds.
NFA. Not financial advice.
#Solana #PriceAnalysis #CryptoMarket
If daily closes hold 88.30 through Nov 14, I'd watch a bounce toward 91.60 (Nov 6 high), then 96 (the Oct 30 close). A daily close below 88.30 and I'd watch 87.70 (Aug 22 wick) next, then around 84. Slight bearish lean while it stays under 91.60. I'd be wrong if a daily close above 96 holds.
NFA. Not financial advice.
#Solana #PriceAnalysis #CryptoMarket
