$SOL __Solana has been one of the stronger assets in the current market recovery, with price holding around the $100+ area.
After a strong move, I don't think the next candle should automatically be expected to continue upward. The reaction around the psychological $100 level is much more interesting.
๐ Candle-Based Analysis
๐ข Bullish scenario:
$SOL holds above $100 and produces higher lows. A strong close above the recent resistance area could open the possibility of another upside move.
๐ด Bearish scenario:
$SOL falls below $100 with a strong bearish candle and fails to reclaim it. That could indicate short-term profit-taking.
๐ก Neutral scenario:
Price moves sideways between $100 and the recent high. Smaller candles here could represent accumulation or consolidation.
๐ฎ My prediction:
As long as $SOL respects $100, I remain cautiously bullish. I would watch for a breakout followed by a retest rather than entering after an extended green candle.
๐ Illustrative candle scenario:
$105โ106 โโโโโโโโโ Resistance
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โโโโดโโโ
โ ๐ข โ
โโโโฌโโโ
โ
Breakout
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$100 โโโโโโโโดโโโโโโ Support
โโโโโ
โ๐ข โ
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โ ๏ธ Technical scenario only โ not a guaranteed prediction or financial advice.