$SOL BULLISH BREAKOUT INCOMING โ OR A TRAP? ๐
Solana is showing a potentially bullish setup, but one level could decide its next move.
๐ SOL: ~$111.93 (Oct 11 market snapshot)
3 signals worth watching:
โข Trend: Price is above 6 of 8 key moving averages.
โข Momentum: Daily technical outlook is bullish, but RSI near 48 is still neutral.
โข Breakout trigger: A daily close above $112.89 could strengthen the bullish case.
l๐ฏ Upside levels: $116.89 โ $124.47
Key support: $108.51
โ ๏ธ A break below support would weaken the setup. MACD remains bearish, so confirmation matters.
My take: Watch the breakout, not the hype. Will $SOL reclaim $113, or reject again?
๐ Drop your view: BULLISH ๐ or BEARISH ?
