☀️$SOL recovers the 100 USDT: bounce or start of a recovery?
$SOL closed the session near 100.95 USDT, after falling as low as 97.38. The recovery from that low was approximately 3.7%, showing an interesting buying reaction and greater relative strength than BTC.
In 1H, #SOL returned to sit above its 7- and 25-period moving averages, although it still needs to break above the 101.30–102.30 area to confirm that the bounce can continue.
Levels for the next few hours:
🔹 Supports: 99.50 and 97.38
🔹 Immediate resistance: 101.34
🔹 Confirmation zone: 102.30–102.80
🔹 Next technical targets: 103.80–105
BTC also reacted from 76,264 to approximately 77,718 USDT, but it faces a major resistance around 77,900–78,100. Its behavior will likely continue to condition SOL’s move.
For now, the most likely scenario seems to be consolidation between 99.50 and 102.30. If SOL breaks above that range with higher volume, the bounce would gain credibility; if it loses 99.50, it could retest 98.50–97.38.
Good close and support defense, but confirmation is still missing. Will SOL manage to recover 102 USDT?
#SOL #Solana #BTC #CryptoMarket
$SOL closed the session near 100.95 USDT, after falling as low as 97.38. The recovery from that low was approximately 3.7%, showing an interesting buying reaction and greater relative strength than BTC.
In 1H, #SOL returned to sit above its 7- and 25-period moving averages, although it still needs to break above the 101.30–102.30 area to confirm that the bounce can continue.
Levels for the next few hours:
🔹 Supports: 99.50 and 97.38
🔹 Immediate resistance: 101.34
🔹 Confirmation zone: 102.30–102.80
🔹 Next technical targets: 103.80–105
BTC also reacted from 76,264 to approximately 77,718 USDT, but it faces a major resistance around 77,900–78,100. Its behavior will likely continue to condition SOL’s move.
For now, the most likely scenario seems to be consolidation between 99.50 and 102.30. If SOL breaks above that range with higher volume, the bounce would gain credibility; if it loses 99.50, it could retest 98.50–97.38.
Good close and support defense, but confirmation is still missing. Will SOL manage to recover 102 USDT?
#SOL #Solana #BTC #CryptoMarket