$SOL
SOL/USDT: Seeking support after rejection at resistance
Solana is trading around $104.61 (+0.25% in 24h), after a push that met resistance near $105.70 and a prior high at $107.94.
๐ Price structure: The pair respects the support formed at $102.28. A sideways range is holding on the 15m timeframe, with an eye toward consolidating above $105 to seek the $108 area again.
๐ StochRSI in extreme oversold: The StochRSI indicator on 15m is at the bottom (4.08 / 10.77), suggesting immediate selling pressure is exhausted and a possible short-term push/rally.
โ๏ธ Order book: Strong buy pressure in the order book, with 63.25% demand versus 36.75% supply, supporting the $104.50 zone.
๐ก Strategy: Watch for a bounce from the current zone ($104 - $104.5) supported by the oversold StochRSI. Key confirmation: break above $105.7 with buy volume.
Do you think SOL will break $108 today, or will we continue in the sideways range? ๐
#Solana #SOL #SOLUSDT #BinanceSquare #CryptoAnalysis
SOL/USDT: Seeking support after rejection at resistance
Solana is trading around $104.61 (+0.25% in 24h), after a push that met resistance near $105.70 and a prior high at $107.94.
๐ Price structure: The pair respects the support formed at $102.28. A sideways range is holding on the 15m timeframe, with an eye toward consolidating above $105 to seek the $108 area again.
๐ StochRSI in extreme oversold: The StochRSI indicator on 15m is at the bottom (4.08 / 10.77), suggesting immediate selling pressure is exhausted and a possible short-term push/rally.
โ๏ธ Order book: Strong buy pressure in the order book, with 63.25% demand versus 36.75% supply, supporting the $104.50 zone.
๐ก Strategy: Watch for a bounce from the current zone ($104 - $104.5) supported by the oversold StochRSI. Key confirmation: break above $105.7 with buy volume.
Do you think SOL will break $108 today, or will we continue in the sideways range? ๐
#Solana #SOL #SOLUSDT #BinanceSquare #CryptoAnalysis