☀️$SOL consolidates while the 107–108 USDT hold back the advance
$SOL ends the session near 104.07 USDT, down approximately 1.4%, after trading between 102.96 and 107.06.
Price moved back close to 107, but found sell orders before reaching 108. This second rejection confirms that the 107–108 zone remains the main short-term barrier.
In the 1H chart, $SOL stays almost on its 7- and 99-period moving averages, although it is still below the MA(25), around 104.54. On the daily chart it remains above the MA(7), so the overall structure is still constructive despite the loss of momentum.
Important levels:
🔹 Immediate support: 103.95–104
🔹 Main support: 102.95–103.25
🔹 Next support: 101.60–102
🔹 First resistance: 104.50–104.60
🔹 Intermediate resistance: 105.40–105.50
🔹 Decisive zone: 107.36–108
As long as SOL holds 102.95–103, the move can be interpreted as healthy consolidation. Reclaiming 104.60 would allow another attempt at 105.50; breaking 107.36–108 with volume would reopen the path toward 110.60.
For now, more consolidation than breakout. Which zone will give way first: 103 or 108?
#SOL #Solana #Crypto #Altcoins
$SOL ends the session near 104.07 USDT, down approximately 1.4%, after trading between 102.96 and 107.06.
Price moved back close to 107, but found sell orders before reaching 108. This second rejection confirms that the 107–108 zone remains the main short-term barrier.
In the 1H chart, $SOL stays almost on its 7- and 99-period moving averages, although it is still below the MA(25), around 104.54. On the daily chart it remains above the MA(7), so the overall structure is still constructive despite the loss of momentum.
Important levels:
🔹 Immediate support: 103.95–104
🔹 Main support: 102.95–103.25
🔹 Next support: 101.60–102
🔹 First resistance: 104.50–104.60
🔹 Intermediate resistance: 105.40–105.50
🔹 Decisive zone: 107.36–108
As long as SOL holds 102.95–103, the move can be interpreted as healthy consolidation. Reclaiming 104.60 would allow another attempt at 105.50; breaking 107.36–108 with volume would reopen the path toward 110.60.
For now, more consolidation than breakout. Which zone will give way first: 103 or 108?
#SOL #Solana #Crypto #Altcoins