Did SOL just slip under the $100.35 “danger zone” that could launch it toward the low‑90s?
Here’s the read 👇
Price is already trading below the 4‑hour EMA7, and the candle count is 8 red vs 4 green, so the short‑term picture feels bearish.
Yet the funding rate is negative and longs are paying to stay, hinting that the current long bias may be overstretched.
If $SOL can’t hold the ~100.35 area and falls through, the next swing target sits around the 93‑94 zone. The invalidation sits near ~103.9; a close above would nullify the bearish view. The low‑90s objective zone is the next likely stop for price.
Tap $SOL to pull up the chart and see the 4H profile for yourself.
I see the chart whispering a move lower, with the real risk if it breaches the ~103.9 ceiling and flips back up.
I’ll break down what happens if the price slides into the low‑90s, so hit follow to stay ahead of the next move. What level do you think will be the decisive test for $SOL? 👇
⚠️ Not financial advice. DYOR.
#SOL #Solana #Crypto #BinanceSquare
Here’s the read 👇
Price is already trading below the 4‑hour EMA7, and the candle count is 8 red vs 4 green, so the short‑term picture feels bearish.
Yet the funding rate is negative and longs are paying to stay, hinting that the current long bias may be overstretched.
If $SOL can’t hold the ~100.35 area and falls through, the next swing target sits around the 93‑94 zone. The invalidation sits near ~103.9; a close above would nullify the bearish view. The low‑90s objective zone is the next likely stop for price.
Tap $SOL to pull up the chart and see the 4H profile for yourself.
I see the chart whispering a move lower, with the real risk if it breaches the ~103.9 ceiling and flips back up.
I’ll break down what happens if the price slides into the low‑90s, so hit follow to stay ahead of the next move. What level do you think will be the decisive test for $SOL? 👇
⚠️ Not financial advice. DYOR.
#SOL #Solana #Crypto #BinanceSquare
