$MUBARAK My scenario is still playing out (it matches the chart dynamics).
After the impulse to 0.08781, the price couldn't hold the reached levels and continued to fall.
Right now I have a question not so much about the pump itself, but about its sustainability: does the current price have enough of a foundation to hold the price after such a sharp rise?
I will keep watching. For me, at the moment, what matters more is confirmation of demand than trying to guess the bottom.
This is my personal opinion, not a recommendation to buy or sell.
$MUBARAK After the pump to 0,08781 the price failed to update the high, and on the 15M it is forming a series of weak rebounds.
📉 MA25 — 0,08037, the price is already below it. 📉 Volumes are gradually decreasing. 🔴 In the order book, there is an offer — 59,74% versus 40,26% for buy-side demand. ⚠️ The 0,079–0,080 zone has not yet been confidently reclaimed.
For me, the key level is 0,074. Losing it will strengthen the bearish scenario.
For now, the structure looks more like distribution after the pump rather than continuation of the impulse. 🐻
After a +77% rise in a day, the price backed off from 0.08781 to ~0.077.
📌 Key levels: 🟢 0.081–0.082 — a return to this zone could provide a chance for a retest of 0.0878 🔴 0.077 — the nearest support 🔻 0.066–0.067 — the next important zone during a correction
Trading volumes remain high, but momentum is slowing down. Right now, the main thing is how the price reacts at 0.077 and 0.081.
🧑💻I've been following Solana for a long time; to be honest, I planned to jump in on the 80 ticker, but decided to hold off on investing until a more suitable time.
Why now?
Mostly because I've been interested in $SOL for a long time.
Based on an initial analysis, the chart is tightening up around $120; breaking above this level could become a springboard for further growth.
Will it be a breakout or a trap? 👀 Let's check it together.
P.S. Investing in cryptocurrencies involves a high risk. You can lose part or all of the invested capital. This is not financial advice. #sol #solana