A brief mid-session analysis, $SOL corrects and tests the 100 USDT level
After reaching 105.91 USDT, $SOL pulled back to 100.21 and is now trying to stabilize near 101.50. The drop from the high is around 4.2%, in a session marked by profit-taking and higher selling volume.
On the 1H chart, $SOL remains below its main moving averages, so the rebound still needs confirmation. The first positive sign would be recovering 101.80–102; a stronger improvement would require surpassing 103.30–103.85.
Important levels:
🔹 Immediate support: 100.20–100
🔹 Next supports: 99.20 and 97.38
🔹 First resistance: 101.80–102
🔹 Recovery confirmation: 103.30–103.85
🔹 Upper resistance: 105.90–106
Buyers are defending the 100 USDT level, but there is still no confirmation that the correction has ended. As long as SOL stays above that zone, it could consolidate and attempt a recovery. If it loses 100 with volume, the risk of an extension toward 99.20 or 97.38 would increase.
For now, the medium-term structure remains favorable, but the short term remains neutral to bearish.
Will SOL defend the 100 USDT level?
#SOL #Solana #Crypto #Altcoins
After reaching 105.91 USDT, $SOL pulled back to 100.21 and is now trying to stabilize near 101.50. The drop from the high is around 4.2%, in a session marked by profit-taking and higher selling volume.
On the 1H chart, $SOL remains below its main moving averages, so the rebound still needs confirmation. The first positive sign would be recovering 101.80–102; a stronger improvement would require surpassing 103.30–103.85.
Important levels:
🔹 Immediate support: 100.20–100
🔹 Next supports: 99.20 and 97.38
🔹 First resistance: 101.80–102
🔹 Recovery confirmation: 103.30–103.85
🔹 Upper resistance: 105.90–106
Buyers are defending the 100 USDT level, but there is still no confirmation that the correction has ended. As long as SOL stays above that zone, it could consolidate and attempt a recovery. If it loses 100 with volume, the risk of an extension toward 99.20 or 97.38 would increase.
For now, the medium-term structure remains favorable, but the short term remains neutral to bearish.
Will SOL defend the 100 USDT level?
#SOL #Solana #Crypto #Altcoins