$SOL at a Key Level... $95 or $120 Next? 🤔
$SOL is trading near $101.49 right now and sitting just above the second support zone.
As you can see on the Daily chart:
🔴 First Support: $112- Already broken, now acting as resistance.
🟢 Second Support: $95 - $96 - This is the MUST HOLD zone. Price has bounced from here before during the consolidation phase.
My Take:
Bulls really need to defend $95-$96. If this holds, we can expect a relief bounce towards $112 first, then $120-$124.
But if $95 breaks down, more selling pressure can come and $80 zone will be back in focus.
It's a make-or-break level for SOL!
What'll come first in your opinion — $95 or $120? Comment below 👇
#SOL #Solana #SouthKoreaReportedlyWeighsFourthCryptoTaxDelay #EarningsSeason #BinancePick
$SOL is trading near $101.49 right now and sitting just above the second support zone.
As you can see on the Daily chart:
🔴 First Support: $112- Already broken, now acting as resistance.
🟢 Second Support: $95 - $96 - This is the MUST HOLD zone. Price has bounced from here before during the consolidation phase.
My Take:
Bulls really need to defend $95-$96. If this holds, we can expect a relief bounce towards $112 first, then $120-$124.
But if $95 breaks down, more selling pressure can come and $80 zone will be back in focus.
It's a make-or-break level for SOL!
What'll come first in your opinion — $95 or $120? Comment below 👇
#SOL #Solana #SouthKoreaReportedlyWeighsFourthCryptoTaxDelay #EarningsSeason #BinancePick
