$SOL has regained 99.46 this time. During the session, it even tested the 100 psychological level. In the short term, the chart pattern has shifted from a defensive stance to an offensive one. In the past 24 hours, the low was 96.02, with an amplitude of about 4%. Trading volume is 1.8B—it's not an explosive surge, but the price structure has already sent bullish signals. SOL’s current price is 99.46, just 0.54% away from 100. This is a very sensitive zone, and the line between bulls and bears is right ahead.
Key level one: 100. This is the psychological threshold and also the 24h high. If it breaks out with volume and holds, the next target is the 103 to 105 range. If it keeps failing to get through, the short-term move may pull back toward around 97 to 96.5 to digest profit-taking.
Key level two: 96. This is the 24h low and a near-term support level. As long as SOL doesn’t fall below 96, the bullish short-term logic remains intact. If it breaks below 96, it would suggest this rebound lacks strength, and it may return to around 94 to look for support.
Considering the macro backdrop: U.S. stock index futures rose slightly after the Fed’s rate hikes, but the more hawkish tone and Warsh’s remarks are still weighing on risk appetite. The crypto market is sensitive to interest rates. If sentiment weakens after the U.S. market opens, the breakout of SOL’s 100 level could be delayed. However, SOL itself is up +2.24%, which is relatively strong among major coins—indicating independent capital is pushing it.
One thing to watch is whether trading volume can follow through. The 1.8B volume corresponds to the 100 level, but it’s not especially abundant. A confirmed breakout likely requires larger volume. If it only touches the level with low volume, the probability of a false breakout isn’t low.
For the short term: bullish, but don’t chase if 100 isn’t broken. Hold 96, and the bulls still have a chance. See you in the comments.
Key level one: 100. This is the psychological threshold and also the 24h high. If it breaks out with volume and holds, the next target is the 103 to 105 range. If it keeps failing to get through, the short-term move may pull back toward around 97 to 96.5 to digest profit-taking.
Key level two: 96. This is the 24h low and a near-term support level. As long as SOL doesn’t fall below 96, the bullish short-term logic remains intact. If it breaks below 96, it would suggest this rebound lacks strength, and it may return to around 94 to look for support.
Considering the macro backdrop: U.S. stock index futures rose slightly after the Fed’s rate hikes, but the more hawkish tone and Warsh’s remarks are still weighing on risk appetite. The crypto market is sensitive to interest rates. If sentiment weakens after the U.S. market opens, the breakout of SOL’s 100 level could be delayed. However, SOL itself is up +2.24%, which is relatively strong among major coins—indicating independent capital is pushing it.
One thing to watch is whether trading volume can follow through. The 1.8B volume corresponds to the 100 level, but it’s not especially abundant. A confirmed breakout likely requires larger volume. If it only touches the level with low volume, the probability of a false breakout isn’t low.
For the short term: bullish, but don’t chase if 100 isn’t broken. Hold 96, and the bulls still have a chance. See you in the comments.
