☀️$SOL defends the 98–100 USDT level and responds with strength
SOL/USDT closes near 102.20 USDT, with an approximate gain of 2.8%, after an extremely volatile day between 98 and 105.80.
The 98–99 zone we were watching as structural support triggered a strong buying reaction. In 1H, $SOL regained its moving averages of 7, 25, and 99 periods, significantly improving its short-term structure.
Volume increased from approximately 202 million to 326.6 million USDT, supporting the intensity of the move. However, the quick rejection from 105.80 shows that significant supply is still present at the top.
🔹 Supports: 101.80–102 | 100.20–101.10 | 98–99
🔹 Resistances: 102.70–103 | 103.80–104.50 | 105.20–105.80
$SOL also showed relative strength versus BTC: while Bitcoin rose around 0.5%, SOL climbed about 2.8%. Even so, BTC remains weak below its main daily moving averages and is still a risk factor for the market.
If SOL holds 101–102 and reclaims 103 with volume, it could look to retest 104.50–105.80. Breaking above that last zone would pave the way to 107–108. If it loses 100.20 again, it would increase the likelihood of returning to 98–99.
Buyers won the support battle; now they must prove they can turn the bounce into a sustainable recovery. Will we see an attack on 105.80 again? 👀
#SOL #Solana #BTC #Bitcoin #Crypto #Altcoins
SOL/USDT closes near 102.20 USDT, with an approximate gain of 2.8%, after an extremely volatile day between 98 and 105.80.
The 98–99 zone we were watching as structural support triggered a strong buying reaction. In 1H, $SOL regained its moving averages of 7, 25, and 99 periods, significantly improving its short-term structure.
Volume increased from approximately 202 million to 326.6 million USDT, supporting the intensity of the move. However, the quick rejection from 105.80 shows that significant supply is still present at the top.
🔹 Supports: 101.80–102 | 100.20–101.10 | 98–99
🔹 Resistances: 102.70–103 | 103.80–104.50 | 105.20–105.80
$SOL also showed relative strength versus BTC: while Bitcoin rose around 0.5%, SOL climbed about 2.8%. Even so, BTC remains weak below its main daily moving averages and is still a risk factor for the market.
If SOL holds 101–102 and reclaims 103 with volume, it could look to retest 104.50–105.80. Breaking above that last zone would pave the way to 107–108. If it loses 100.20 again, it would increase the likelihood of returning to 98–99.
Buyers won the support battle; now they must prove they can turn the bounce into a sustainable recovery. Will we see an attack on 105.80 again? 👀
#SOL #Solana #BTC #Bitcoin #Crypto #Altcoins