$SOL is squeezed between two moving averages, and prediction markets say $100 gets tested again. 🚨
Price is around $105 to $106, up about 1.4% today. Buyers have defended $100 twice, but every bounce has stalled under the 50-day EMA. 👀
Levels I'm watching:
🟣 $111: 20-day EMA, the key ceiling
🔴 $107: 50-day EMA, reclaim it first
🟢 $100: the floor bulls keep defending
⚠️ Lose $100 and the 200-day EMA near $97.6 comes into play
Catalysts: the Alpenglow consensus upgrade is scheduled for mainnet on October 21, and the Fed meets October 28.
Both could bring volatility.
My plan: no chasing. I want a daily close above $111 before getting bullish, and I'm stepping aside if $100 breaks.
Floor or trapdoor for SOL? 👇
#SOL #solana #crypto #cryptotrading #altcoins
@Ismeidy @Zetoshi X @BitEagle News
Price is around $105 to $106, up about 1.4% today. Buyers have defended $100 twice, but every bounce has stalled under the 50-day EMA. 👀
Levels I'm watching:
🟣 $111: 20-day EMA, the key ceiling
🔴 $107: 50-day EMA, reclaim it first
🟢 $100: the floor bulls keep defending
⚠️ Lose $100 and the 200-day EMA near $97.6 comes into play
Catalysts: the Alpenglow consensus upgrade is scheduled for mainnet on October 21, and the Fed meets October 28.
Both could bring volatility.
My plan: no chasing. I want a daily close above $111 before getting bullish, and I'm stepping aside if $100 breaks.
Floor or trapdoor for SOL? 👇
#SOL #solana #crypto #cryptotrading #altcoins
@Ismeidy @Zetoshi X @BitEagle News