Solana (SOL) is at a crucial trend-defining moment against USDT. After retreating from a recent peak of $109.20, the asset is now trading in the $101.19–$101.23 range, down slightly by about 1.09% on the day. With a significant $96.10 million USDT in trading volume over the past 24 hours, the market shows strong contention in this transition zone.
📊 Key Indicator Analysis:
Support and Resistance Zones: On the 4-hour chart, SOL found a firm but temporary floor at $98.62 (October 24), a level that coincides with the lower Bollinger Band (DN) at $98.76 on the daily chart. This macro support is crucial. The immediate resistance to break in the very short term is at $101.47–$101.63 (the short-term MA7 and MB), followed by the psychological barrier at $102.86 (MA25 on the 4-hour chart) and $105.60 (MA99 on the 4-hour chart).