$SOL is stabilizing near 109.92 after a sharp selloff on this 4H chart.
Price remains below the 25 and 99 period moving averages, so the broader trend still looks bearish. The bounce is also showing lighter volume.
Support: 108.45, then 105.71
Resistance: 112.06, then 114.25
My view: holding support is encouraging, but I’d wait for a strong 4H close above 112.06 before trusting the recovery. Losing 108.45 could bring another test of 105.71.
DYOR, not financial advice.
#solana #sol #Write2Earn #STRKRisesAbout20%In24Hours #EthereumLiquidationsHit$356M
Price remains below the 25 and 99 period moving averages, so the broader trend still looks bearish. The bounce is also showing lighter volume.
Support: 108.45, then 105.71
Resistance: 112.06, then 114.25
My view: holding support is encouraging, but I’d wait for a strong 4H close above 112.06 before trusting the recovery. Losing 108.45 could bring another test of 105.71.
DYOR, not financial advice.
#solana #sol #Write2Earn #STRKRisesAbout20%In24Hours #EthereumLiquidationsHit$356M