🟡First day of the week and let’s get into our analysis, ☀️ $SOL breaks above 115 $USDT and reaches 119.99 with strong volume
SOL/USDT closed around 117.54 USDT, after recording a high of 119.99 and a low of 110.69. The session confirmed the breakout of the 114.32 and 115 resistances, accompanied by volume above 532 million USDT.
On the 1H timeframe, price entered a profit-taking move from 120 and is temporarily below its 7-period moving average. However, it continues to hold above the 25- and 99-period averages, keeping its bullish structure intact.
🔹 Supports: 116–116.20 | 114.30–115 | 111.30–112.20
🔹 Resistances: 118.70 | 119.99–120.60 | 122–123
$BTC also supported the breakout: it advanced more than 5%, reached 87,395 USDT, and raised its volume to approximately 2.720 billion USDT. The subsequent pullback seems, for now, like a pause after an accelerated rise.
As long as BTC holds the 84,500–85,000 zone and SOL defends 115–116, the main scenario remains bullish consolidation. Recovering 118.70 would allow a return to the 120 level; breaking that barrier with volume would open the way to 122–123.
The breakout was real and was backed by volume. Now the big test will be turning the former 114–115 into support. Will we see SOL consolidate above 120 soon? 👀☀️
#SOL #Solana #BTC #Bitcoin #Crypto
SOL/USDT closed around 117.54 USDT, after recording a high of 119.99 and a low of 110.69. The session confirmed the breakout of the 114.32 and 115 resistances, accompanied by volume above 532 million USDT.
On the 1H timeframe, price entered a profit-taking move from 120 and is temporarily below its 7-period moving average. However, it continues to hold above the 25- and 99-period averages, keeping its bullish structure intact.
🔹 Supports: 116–116.20 | 114.30–115 | 111.30–112.20
🔹 Resistances: 118.70 | 119.99–120.60 | 122–123
$BTC also supported the breakout: it advanced more than 5%, reached 87,395 USDT, and raised its volume to approximately 2.720 billion USDT. The subsequent pullback seems, for now, like a pause after an accelerated rise.
As long as BTC holds the 84,500–85,000 zone and SOL defends 115–116, the main scenario remains bullish consolidation. Recovering 118.70 would allow a return to the 120 level; breaking that barrier with volume would open the way to 122–123.
The breakout was real and was backed by volume. Now the big test will be turning the former 114–115 into support. Will we see SOL consolidate above 120 soon? 👀☀️
#SOL #Solana #BTC #Bitcoin #Crypto