🔥 $SOL /USDT (15m): Healthy cooling off after touching $110.60
Solana continues to show a very clean bullish structure on the 15-minute chart. After marking a high at $110.60, the price is absorbing sell orders in the $109.10 area.
📌 Technical points to watch:
🎯 Resistance to break: $110.60 (a clean breakout seeks bullish continuation).
🛡️ Short-term support: $109.00 - $108.50 (Confluence of EMA 9 and EMA 25).
🛡️ 15m macro support: $102.30 (EMA 200).
💡 Outlook: The RSI has returned to the mid range (52-60), indicating a reset of indicators while the short-term averages are supporting the current candle. As long as the price stays above $108.50, the structure favors a retest of the highs.
Will $SOL have the strength to break $110, or do you prefer to wait for an entry closer to support? 👇 I’m holding.
#Solana #SOL #Trading #CryptoAnalysis #BinanceSquare
Solana continues to show a very clean bullish structure on the 15-minute chart. After marking a high at $110.60, the price is absorbing sell orders in the $109.10 area.
📌 Technical points to watch:
🎯 Resistance to break: $110.60 (a clean breakout seeks bullish continuation).
🛡️ Short-term support: $109.00 - $108.50 (Confluence of EMA 9 and EMA 25).
🛡️ 15m macro support: $102.30 (EMA 200).
💡 Outlook: The RSI has returned to the mid range (52-60), indicating a reset of indicators while the short-term averages are supporting the current candle. As long as the price stays above $108.50, the structure favors a retest of the highs.
Will $SOL have the strength to break $110, or do you prefer to wait for an entry closer to support? 👇 I’m holding.
#Solana #SOL #Trading #CryptoAnalysis #BinanceSquare
