☀️ SOLANA ($SOL ) — Can Bulls Make a Comeback?
Solana is facing selling pressure, currently trading around the $89–$90 zone. Buyers are trying to defend support, but the overall trend still looks weak.
Here's what I'm watching:
🔹 Support: $88.50 – $89.00
🔹 Resistance: $91.30
🔹 Next Resistance: $93.40
The daily RSI is approaching oversold territory, which could create room for a relief bounce. However, an oversold RSI alone is not a buy signal.
If SOL reclaims $91.30 with strong volume, buyers may attempt a move toward $93.40.
But if $88.50 breaks, further downside remains possible.
My approach: No blind entries. Wait for confirmation, watch Bitcoin's direction, and manage risk carefully.
What do you think? Is SOL preparing for a recovery, or could we see another leg down?
#SOL #Solana #CryptoMarket #altcoins
Solana is facing selling pressure, currently trading around the $89–$90 zone. Buyers are trying to defend support, but the overall trend still looks weak.
Here's what I'm watching:
🔹 Support: $88.50 – $89.00
🔹 Resistance: $91.30
🔹 Next Resistance: $93.40
The daily RSI is approaching oversold territory, which could create room for a relief bounce. However, an oversold RSI alone is not a buy signal.
If SOL reclaims $91.30 with strong volume, buyers may attempt a move toward $93.40.
But if $88.50 breaks, further downside remains possible.
My approach: No blind entries. Wait for confirmation, watch Bitcoin's direction, and manage risk carefully.
What do you think? Is SOL preparing for a recovery, or could we see another leg down?
#SOL #Solana #CryptoMarket #altcoins
