🚨 SOLANA (SOL) STARTS TO DRAW ATTENTION!
SOL is one of the altcoins worth keeping an eye on after recording an increase of around 15.9% in 1 week and trading around $117 on October 1. This momentum occurs as the market starts to see rotation back into altcoins.
📊 Technical Setup SOL
Current: ~$117
🟢 Support: $114–$117
🔴 Resistance: $120–$124
🔥 Volume: still showing high activity
Price action: bullish recovery, but still needs confirmation of a breakout above resistance.
🚀 Bullish Scenario
If SOL can break $124 + volume increases:
Entry: $121–$124 after breakout/retest
TP1: $130
TP2: $138
Invalidation: back below $114
🐻 Bearish Scenario
If SOL fails to break through $120–$124 and a strong rejection occurs:
Short entry: rejection zone
TP1: $114
TP2: $108
Invalidation: a valid breakout above $124
⚠️ Don’t chase a green candle. A more attractive setup is a breakout + volume confirmation or waiting for a retest of support.
What do you think—will SOL continue to break $124 or will it see rejection? 👇
#solana #SOLUSDT #CryptoTrading #TechnicalAnalysis #BinanceSquare
SOL is one of the altcoins worth keeping an eye on after recording an increase of around 15.9% in 1 week and trading around $117 on October 1. This momentum occurs as the market starts to see rotation back into altcoins.
📊 Technical Setup SOL
Current: ~$117
🟢 Support: $114–$117
🔴 Resistance: $120–$124
🔥 Volume: still showing high activity
Price action: bullish recovery, but still needs confirmation of a breakout above resistance.
🚀 Bullish Scenario
If SOL can break $124 + volume increases:
Entry: $121–$124 after breakout/retest
TP1: $130
TP2: $138
Invalidation: back below $114
🐻 Bearish Scenario
If SOL fails to break through $120–$124 and a strong rejection occurs:
Short entry: rejection zone
TP1: $114
TP2: $108
Invalidation: a valid breakout above $124
⚠️ Don’t chase a green candle. A more attractive setup is a breakout + volume confirmation or waiting for a retest of support.
What do you think—will SOL continue to break $124 or will it see rejection? 👇
#solana #SOLUSDT #CryptoTrading #TechnicalAnalysis #BinanceSquare