🚨 SOL approaching resistance: breakout or new rejection?
📍 Current price: $88.44
Solana is consolidating after a strong correction, with clear resistance between $90–$95 and support at $78–$80.
📊 Current Technical Reading
🔹 Short-term trend: Mixed
Price below the EMAs 9/20 (selling pressure still active), but above deeper buying walls.
🔹 RSI: neutral after overbought — market less stretched.
🔹 MACD: still negative, but losing strength in selling pressure.
🎯 Possible Scenarios
🟢 Optimistic scenario:
Consistent close above $90–$95 + increase in volume
→ Could pave the way to the $130 region (previous supply zone).
🔴 Pessimistic scenario:
Decisive loss of $78–$80
→ Acceleration of selling and invalidation of the short-term structure.
📚 Fundamental Factors That Matter
• On-chain activity (use in DeFi/NFT and network throughput)
• Staking dynamics and behavior of large players
• Macro sentiment and overall flow of the crypto market
Strong buying walls at $78–$80 are functioning as a technical base at the moment.
⚠️ Practical plan and risk management
✔️ Use levels as decision points, not fixed forecasts
✔️ Wait for confirmed breakout before increasing exposure
✔️ Stop below $78–$80 if trading long
✔️ Gradual targets between $92 and $132 as momentum allows
📌 In the short term, $90 is the key trigger.
The market's decision may be near.
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