๐ $SOL โ I expect a correction in Solana during the coming weeks, or maybe even sooner.
We are currently having difficulty closing above the resistance level at $100, since the price has tested this area 3 times without managing to break through.
This indicates very strong selling pressure near this level.
๐ Where do I expect the price to go?
I expect a pullback toward the 0.5 Fibonacci level on the weekly timeframe, near $88, before the price starts moving upward again to reclaim the $98 high.
If this scenario plays out, I think it could provide enough buying momentum to eventually push $SOL to break through the 100$ ๐ barrier.
SOLUSDT โ Perp
๐ฐ Price: 103.17$
๐ +6.07%
We are currently having difficulty closing above the resistance level at $100, since the price has tested this area 3 times without managing to break through.
This indicates very strong selling pressure near this level.
๐ Where do I expect the price to go?
I expect a pullback toward the 0.5 Fibonacci level on the weekly timeframe, near $88, before the price starts moving upward again to reclaim the $98 high.
If this scenario plays out, I think it could provide enough buying momentum to eventually push $SOL to break through the 100$ ๐ barrier.
SOLUSDT โ Perp
๐ฐ Price: 103.17$
๐ +6.07%
