☀️ End of day close: $SOL tries to make up lost ground, but it still needs confirmation.
SOL reacted from 116,32 $USDT and reached 121,69, validating again the importance of the support zone between 116 and 117. Currently it is trading near 119,15 and consolidating above its short 1H moving averages, although it still faces a key resistance between 120,40 and 121,70.
🟢 SOL supports: 118,40–119 | 117,20–117,50 | 116–116,30
🔴 Resistances: 120–120,40 | 121,70 | 122,30 | 124,95–125
For its part, $BTC rebounded from 82.776 to 84.564, but was rejected and moved back toward 83.400. To improve its immediate structure, it first needs to reclaim 83.900–84.000 and then 84.600.
The bounce from the supports is a favorable sign, especially for SOL, but volume is decreasing and a convincing breakout is still missing.
As long as SOL defends 117–118, it has the chance to seek 122–125 again. If it loses that zone, it could return toward 116 or even 114,50–115.
Patience 👀: we have a valid rebound, but true confirmation will only come if SOL surpasses 121,70 and BTC recovers 84.600 with volume. ☀️
#SOL #BTC #Crypto #Solana #usdt
SOL reacted from 116,32 $USDT and reached 121,69, validating again the importance of the support zone between 116 and 117. Currently it is trading near 119,15 and consolidating above its short 1H moving averages, although it still faces a key resistance between 120,40 and 121,70.
🟢 SOL supports: 118,40–119 | 117,20–117,50 | 116–116,30
🔴 Resistances: 120–120,40 | 121,70 | 122,30 | 124,95–125
For its part, $BTC rebounded from 82.776 to 84.564, but was rejected and moved back toward 83.400. To improve its immediate structure, it first needs to reclaim 83.900–84.000 and then 84.600.
The bounce from the supports is a favorable sign, especially for SOL, but volume is decreasing and a convincing breakout is still missing.
As long as SOL defends 117–118, it has the chance to seek 122–125 again. If it loses that zone, it could return toward 116 or even 114,50–115.
Patience 👀: we have a valid rebound, but true confirmation will only come if SOL surpasses 121,70 and BTC recovers 84.600 with volume. ☀️
#SOL #BTC #Crypto #Solana #usdt