📊 SOL/USDT ANALYSIS - 1D
PAIR: SOL/USDT
CURRENT PRICE: $103.28
TREND: Bearish, but nearing a bottom
SCENARIO I'M WATCHING: LONG / Technical bounce
Area of interest: $101.50 - $103.30 (support at 100.62 + lower Bollinger Band at 99.05)
Invalidation: $98.50 (daily close below $99)
Targets: $105.20 / $108.50 / $112.30 (Bollinger Middle Band)
Context: SOL is down 6.25% over 7 days, volume is declining, and the price is touching a previous support zone where it has already bounced. If it loses $99, the bullish scenario is invalidated and the downtrend continues.
⚠️ Disclaimer: This is NOT financial advice; it's just my educational analysis of what I see on the chart. Everyone should do their own research and manage their risk. DYOR.
#SOL #Solana #TechnicalAnalysis
PAIR: SOL/USDT
CURRENT PRICE: $103.28
TREND: Bearish, but nearing a bottom
SCENARIO I'M WATCHING: LONG / Technical bounce
Area of interest: $101.50 - $103.30 (support at 100.62 + lower Bollinger Band at 99.05)
Invalidation: $98.50 (daily close below $99)
Targets: $105.20 / $108.50 / $112.30 (Bollinger Middle Band)
Context: SOL is down 6.25% over 7 days, volume is declining, and the price is touching a previous support zone where it has already bounced. If it loses $99, the bullish scenario is invalidated and the downtrend continues.
⚠️ Disclaimer: This is NOT financial advice; it's just my educational analysis of what I see on the chart. Everyone should do their own research and manage their risk. DYOR.
#SOL #Solana #TechnicalAnalysis