SOL's busiest hour in my latest 24-hour snapshot was a down candle.
On Binance spot SOL/USDT, September 20's 02:00 UTC hour opened at 110.17 and closed at 107.67. About 223,838 SOL traded in that hour, the largest hourly volume from September 19 at 14:00 through September 20 at 13:59 UTC.
The next hour rebounded to a 108.89 close on about 139,428 SOL of volume. By the 13:59 UTC cutoff, the latest close was 108.23.
That makes the rebound's follow-through my focus. These are total traded SOL volumes on one spot pair, not net selling or proof of who bought the dip.
My map runs from publication to September 21 at 14:00 UTC.
An hourly close above 109.26, the highest rebound price after the drop hour, would put that hour's 110.17 opening price back on my recovery watchlist.
Hourly closes inside 107.40-109.26 keep price within the observed low-to-rebound range.
An hourly close below 107.40 would break today's observed floor; two touches of that low don't make it guaranteed support.
After either breakout, the first hourly close back inside 107.40-109.26 cancels that breakout reading. A wick outside alone is not my trigger.
The open 14:00 UTC candle is excluded.
Before that deadline, which would change your reading most: A) a close above 109.26, B) a close below 107.40, or C) the volume accompanying either break - and why?
$SOL #Solana
On Binance spot SOL/USDT, September 20's 02:00 UTC hour opened at 110.17 and closed at 107.67. About 223,838 SOL traded in that hour, the largest hourly volume from September 19 at 14:00 through September 20 at 13:59 UTC.
The next hour rebounded to a 108.89 close on about 139,428 SOL of volume. By the 13:59 UTC cutoff, the latest close was 108.23.
That makes the rebound's follow-through my focus. These are total traded SOL volumes on one spot pair, not net selling or proof of who bought the dip.
My map runs from publication to September 21 at 14:00 UTC.
An hourly close above 109.26, the highest rebound price after the drop hour, would put that hour's 110.17 opening price back on my recovery watchlist.
Hourly closes inside 107.40-109.26 keep price within the observed low-to-rebound range.
An hourly close below 107.40 would break today's observed floor; two touches of that low don't make it guaranteed support.
After either breakout, the first hourly close back inside 107.40-109.26 cancels that breakout reading. A wick outside alone is not my trigger.
The open 14:00 UTC candle is excluded.
Before that deadline, which would change your reading most: A) a close above 109.26, B) a close below 107.40, or C) the volume accompanying either break - and why?
$SOL #Solana
