$SOL SOL/USDT is at about $103.6–103.9 today (Oct 23). That is roughly 3% lower over 24 hours. The price comes from aggregated market data rather than Binance's own feed, but Binance's SOLUSDT should be within a few cents.
Trend: Bearish short term. SOL fell from about $120 on Oct 6 to the low $100s, with a sharp drop on Oct 12 (about -5%).
Support: About $100–101, which was tested on Oct 18. A break below it could open $95 or lower.
Resistance: About $106–107, then $110–111.
Today's range: $102.97–$106.15, on $2.5B volume.
Sentiment: Weak. US spot SOL ETFs saw about $8.5M in net outflows today.
SOL is stuck in a $100–107 range and looks to be consolidating. A close above $107 would be the first sign of a bounce, and a close below $100 would confirm more downside.
This is not financial advice. Check the live Binance chart before trading.#BinancePick #BitcoinHashrateHitsSevenMonthHigh
Trend: Bearish short term. SOL fell from about $120 on Oct 6 to the low $100s, with a sharp drop on Oct 12 (about -5%).
Support: About $100–101, which was tested on Oct 18. A break below it could open $95 or lower.
Resistance: About $106–107, then $110–111.
Today's range: $102.97–$106.15, on $2.5B volume.
Sentiment: Weak. US spot SOL ETFs saw about $8.5M in net outflows today.
SOL is stuck in a $100–107 range and looks to be consolidating. A close above $107 would be the first sign of a bounce, and a close below $100 would confirm more downside.
This is not financial advice. Check the live Binance chart before trading.#BinancePick #BitcoinHashrateHitsSevenMonthHigh