#SOL 🚀 $SOLANA (SOL): BOUNCE OR ANOTHER DROP? 📉📈
🔥 Solana is trading at $104.40 USDT, according to the chart shared. After falling to $102.49, SOL is recovering toward $104, but is still facing resistance.
📊 Technical analysis (15-minute chart):
🟢 Support: $103.90 – $103.20
🟢 Key support: $102.49
🔴 Resistance: $105.00 – $105.30
🚀 Higher resistance: $106.00 – $107.44
📈 What should we watch?
- If SOL breaks above $105.30 with volume, it could attempt to move toward $106.
- If it drops below $103.20, it could retest lower levels.
- If it continues moving sideways near $104.40, it may be best to wait for a confirmed breakout before entering.
⚠️ My take: SOL is attempting to recover after a drop, but volume is declining and the price remains below the 99-period moving average ($105.28). There is still no confirmation of a trend reversal.
💬 What do you think? Will SOL return to $110, or will we see a drop toward $100?
👇 Share your analysis in the comments, and let's keep growing together in the crypto community.
#SOL #BTC #ETH
🔥 Solana is trading at $104.40 USDT, according to the chart shared. After falling to $102.49, SOL is recovering toward $104, but is still facing resistance.
📊 Technical analysis (15-minute chart):
🟢 Support: $103.90 – $103.20
🟢 Key support: $102.49
🔴 Resistance: $105.00 – $105.30
🚀 Higher resistance: $106.00 – $107.44
📈 What should we watch?
- If SOL breaks above $105.30 with volume, it could attempt to move toward $106.
- If it drops below $103.20, it could retest lower levels.
- If it continues moving sideways near $104.40, it may be best to wait for a confirmed breakout before entering.
⚠️ My take: SOL is attempting to recover after a drop, but volume is declining and the price remains below the 99-period moving average ($105.28). There is still no confirmation of a trend reversal.
💬 What do you think? Will SOL return to $110, or will we see a drop toward $100?
👇 Share your analysis in the comments, and let's keep growing together in the crypto community.
#SOL #BTC #ETH