Analysis of $SOL (Solana Perpetual): Key test at the MA99 support ☀️📉
The $SOL perpetual contract is showing a contraction of -1.30%, currently trading at 99.87 USDT.
Market metrics (24h):
Mark price: 99.87
24h high: 101.49
24h low: 98.33
24h volume (SOL): 16.74M
24h volume (USDT): 1.67B
Key technical levels (6-Hour Chart - 6h):
Current price: 99.87
Long-term support (MA99): 98.42
Recent low: 98.33
Immediate dynamic resistance (MA7): 100.40
Key resistance (MA25): 103.20
Local high: 105.19
Outlook:
After a rejection at the $105.19 level, the price has undergone a continuous correction on the 6-hour chart, falling below the MA7 ($100.40) and the MA25 ($103.20). However, the price found a technical rebound at the structural support of the MA99 ($98.42), marking a low at $98.33. If buyers manage to hold the support above $98.40 and reclaim the MA7 ($100.40), we could see an attempt to bounce toward $101.75.
Do you think $SOL will defend the key support at $98.00 or break down? Leave your comments below 👇
The $SOL perpetual contract is showing a contraction of -1.30%, currently trading at 99.87 USDT.
Market metrics (24h):
Mark price: 99.87
24h high: 101.49
24h low: 98.33
24h volume (SOL): 16.74M
24h volume (USDT): 1.67B
Key technical levels (6-Hour Chart - 6h):
Current price: 99.87
Long-term support (MA99): 98.42
Recent low: 98.33
Immediate dynamic resistance (MA7): 100.40
Key resistance (MA25): 103.20
Local high: 105.19
Outlook:
After a rejection at the $105.19 level, the price has undergone a continuous correction on the 6-hour chart, falling below the MA7 ($100.40) and the MA25 ($103.20). However, the price found a technical rebound at the structural support of the MA99 ($98.42), marking a low at $98.33. If buyers manage to hold the support above $98.40 and reclaim the MA7 ($100.40), we could see an attempt to bounce toward $101.75.
Do you think $SOL will defend the key support at $98.00 or break down? Leave your comments below 👇
