$SOL Right now, SOL is stuck at a rather clear point: can it effectively break through around $123?
As shown on Binance at 11:23 Taiwan time today, SOL is trading at about $120.73, up 3.29% over the past 24 hours. The range low is $115.94 and the high is $122.75. The price is nearing the high, but it still isn’t a confirmed breakout.
Next, consider three conditions:
* If it breaks out above $123 on increased volume and can retest to hold, then you can watch the $125 round-number level.
* If it pushes through $123 but quickly falls back below $120, be cautious of a false breakout and the retreat of the chasing bids.
* If the intraday low near $116 is also lost, then today’s relative-strength structure will visibly weaken.
Weekend liquidity tends to amplify upper and lower wicks, so a single spike through isn’t confirmation. What truly matters is whether, after the breakout, there is sustained trading volume and buy-side follow-through.
Do you think SOL will stand above $123 this time, or is it going to pull in another round of late longs via a high-point trap?
#solana #CryptoMarket $SOL
As shown on Binance at 11:23 Taiwan time today, SOL is trading at about $120.73, up 3.29% over the past 24 hours. The range low is $115.94 and the high is $122.75. The price is nearing the high, but it still isn’t a confirmed breakout.
Next, consider three conditions:
* If it breaks out above $123 on increased volume and can retest to hold, then you can watch the $125 round-number level.
* If it pushes through $123 but quickly falls back below $120, be cautious of a false breakout and the retreat of the chasing bids.
* If the intraday low near $116 is also lost, then today’s relative-strength structure will visibly weaken.
Weekend liquidity tends to amplify upper and lower wicks, so a single spike through isn’t confirmation. What truly matters is whether, after the breakout, there is sustained trading volume and buy-side follow-through.
Do you think SOL will stand above $123 this time, or is it going to pull in another round of late longs via a high-point trap?
#solana #CryptoMarket $SOL
