$SOL is trading around $119.57 on the 1D chart.
๐น Resistance: $122.83โ$124.95
๐น Support: $116.79โ$117.36
๐น MA(7): $120.03
๐น MA(25): $109.79
๐น MA(99): $88.58
๐ Price is still above the MA(25) and MA(99), showing a strong broader structure. However, $SOL is currently close to the $120โ$125 resistance area, so confirmation is important.
Bullish scenario: A strong daily close above $124.95 with increasing volume could indicate further upside momentum.
Bearish scenario: Rejection near resistance followed by a break below $116.79 could bring more downside pressure.
โ ๏ธ This is technical analysis, not financial advice. Always manage risk and avoid entering trades based on one indicator.
What level are you watching for $SOL ?๐
#SOL #SOLUSDT๐ธ๐งฒ #BinanceSquare #CryptoTrading. #TechnicalAnalysis
๐น Resistance: $122.83โ$124.95
๐น Support: $116.79โ$117.36
๐น MA(7): $120.03
๐น MA(25): $109.79
๐น MA(99): $88.58
๐ Price is still above the MA(25) and MA(99), showing a strong broader structure. However, $SOL is currently close to the $120โ$125 resistance area, so confirmation is important.
Bullish scenario: A strong daily close above $124.95 with increasing volume could indicate further upside momentum.
Bearish scenario: Rejection near resistance followed by a break below $116.79 could bring more downside pressure.
โ ๏ธ This is technical analysis, not financial advice. Always manage risk and avoid entering trades based on one indicator.
What level are you watching for $SOL ?๐
#SOL #SOLUSDT๐ธ๐งฒ #BinanceSquare #CryptoTrading. #TechnicalAnalysis
