$SOL is sitting at an interesting decision point here 👀
I’m watching how price reacts around $100.52–$100.56 after the sharp intraday pullback. Price moved down from the higher levels on the chart, printed a low around $100.52, and is now trying to stabilize.
The first thing that caught my attention is the MA60 at $100.45. Price is currently holding above it, which gives the buyers a nearby level to defend.
📍 Support: $100.52, then $100.45
📍 Resistance: $100.65, followed by $100.79
For me, the key confirmation is a clean move back above $100.65. If SOL can reclaim that level and hold it, I’d be more interested in seeing whether price can challenge $100.79 next.
On the other side, losing $100.52 would weaken the short-term recovery, while a move toward/below the $100.45 MA60 would make the structure less attractive.
I’m not chasing the bounce here. I’d rather see SOL prove strength above $100.65 or clearly defend the support zone first. 📊
I’m watching how price reacts around $100.52–$100.56 after the sharp intraday pullback. Price moved down from the higher levels on the chart, printed a low around $100.52, and is now trying to stabilize.
The first thing that caught my attention is the MA60 at $100.45. Price is currently holding above it, which gives the buyers a nearby level to defend.
📍 Support: $100.52, then $100.45
📍 Resistance: $100.65, followed by $100.79
For me, the key confirmation is a clean move back above $100.65. If SOL can reclaim that level and hold it, I’d be more interested in seeing whether price can challenge $100.79 next.
On the other side, losing $100.52 would weaken the short-term recovery, while a move toward/below the $100.45 MA60 would make the structure less attractive.
I’m not chasing the bounce here. I’d rather see SOL prove strength above $100.65 or clearly defend the support zone first. 📊