$SOL BOUNCES BACK FROM $85.02! IS SOLANA READY FOR ANOTHER MOVE UP?
I'm watching Solana closely on the 15M chart. SOL is currently trading around $87.42, down 2.31% over 24 hours after a sharp selloff from the $90.01 high.
Buyers stepped in near $85.02, triggering a strong recovery. Price is now attempting to regain momentum, but the short-term structure still needs bullish confirmation.
Key Market Levels:
- Current Price: $87.42
- Immediate Support: $86.97
- Support 2: $85.87
- Major Support: $85.02
- Immediate Resistance: $88.06
- Major Resistance: $89.16
- Higher Resistance: $90.01
Volume & Market Participation:
24H Trading Volume: $134.86M
24H SOL Volume: 1.54M SOL
24H Change: -2.31%
The rebound shows buying interest near the recent low, but sustained volume and stronger candles are needed to confirm that buyers are taking control.
My Trading Plan:
I'm watching the $86.97–$85.87 zone for a potential spot accumulation opportunity.
If SOL holds support and breaks above $88.06 with strong buying pressure, I'll watch for a move toward $89.16 and potentially $90.01.
A breakdown below $85.02 would invalidate my bullish recovery setup.
My Take:
I'm not chasing the bounce. I want to see SOL reclaim $88.06 and turn resistance into support before adding exposure.
The next breakout attempt could determine whether Solana continues its recovery or faces another round of selling pressure. $SOL is on my watchlist.
I'm watching Solana closely on the 15M chart. SOL is currently trading around $87.42, down 2.31% over 24 hours after a sharp selloff from the $90.01 high.
Buyers stepped in near $85.02, triggering a strong recovery. Price is now attempting to regain momentum, but the short-term structure still needs bullish confirmation.
Key Market Levels:
- Current Price: $87.42
- Immediate Support: $86.97
- Support 2: $85.87
- Major Support: $85.02
- Immediate Resistance: $88.06
- Major Resistance: $89.16
- Higher Resistance: $90.01
Volume & Market Participation:
24H Trading Volume: $134.86M
24H SOL Volume: 1.54M SOL
24H Change: -2.31%
The rebound shows buying interest near the recent low, but sustained volume and stronger candles are needed to confirm that buyers are taking control.
My Trading Plan:
I'm watching the $86.97–$85.87 zone for a potential spot accumulation opportunity.
If SOL holds support and breaks above $88.06 with strong buying pressure, I'll watch for a move toward $89.16 and potentially $90.01.
A breakdown below $85.02 would invalidate my bullish recovery setup.
My Take:
I'm not chasing the bounce. I want to see SOL reclaim $88.06 and turn resistance into support before adding exposure.
The next breakout attempt could determine whether Solana continues its recovery or faces another round of selling pressure. $SOL is on my watchlist.
