$SOL es the main one that falls the most today: -8.68% to 106.05, pinned to the 48h and 7d low (105.71). Volume is 47% above the weekly average, so there’s selling with conviction.
My read is that the drop continues. The 4h RSI on 15 is calling for a bounce, but with XRP and BNB also oversold, a volume-less bounce smells like a trap.
- Confirm: 4h close below 105.7
- Invalidate: reclaim 113.6 (midpoint of the 48h range)
Attached 48h chart 📉
Do you think 105.7 breaks on this attempt, or holds a bit longer?
My read is that the drop continues. The 4h RSI on 15 is calling for a bounce, but with XRP and BNB also oversold, a volume-less bounce smells like a trap.
- Confirm: 4h close below 105.7
- Invalidate: reclaim 113.6 (midpoint of the 48h range)
Attached 48h chart 📉
Do you think 105.7 breaks on this attempt, or holds a bit longer?