โ๏ธ $SOL breaks support, and $95.86 is next โ๏ธ
๐ธ๏ธ 4H chart:
โข $105.81 support broke and is now resistance
โข Price closed below the green uptrend line
โข Both moving averages sit above the price
๐ Where it stands: Solana trades near $102.
๐ชข The target: $95.86, about 6% lower. That's the level the bearish path on my chart has pointed to for days.
๐ The other side: a close back above $105.81 would put the breakdown in doubt, and the next ceiling above that is $124.90.
Does $SOL reach $95.86, or does it bounce first? ๐
#Solana #SOL #crypto #analysis
๐ธ๏ธ 4H chart:
โข $105.81 support broke and is now resistance
โข Price closed below the green uptrend line
โข Both moving averages sit above the price
๐ Where it stands: Solana trades near $102.
๐ชข The target: $95.86, about 6% lower. That's the level the bearish path on my chart has pointed to for days.
๐ The other side: a close back above $105.81 would put the breakdown in doubt, and the next ceiling above that is $124.90.
Does $SOL reach $95.86, or does it bounce first? ๐
#Solana #SOL #crypto #analysis