Solana just ripped from $100.43 to $106.22 in a matter of hours — and the 1H chart is screaming short-term strength.
$SOL
#BankOfRussiaSaysSelfCustodyBanStartsJuly2027
Current: $105.46 (+1.62% on the day)
Strong impulsive move off the 24h low at 100.43, with a series of large bullish (yellow) candles
Price is currently consolidating just below the session high of 106.22
Sitting right on the MA(7) at 105.60
Moving Averages (1H)
MA(7): 105.60 → price is kissing it
MA(25): 103.84
MA(99): 104.34
Price is above all three, and the short-term MA has curled up sharply. Classic short-term bullish structure after a flush.
Volume
Volume expanded nicely on the way up (especially the big yellow candles), then cooled off during the current sideways action near the highs — normal digestion after a sharp move.
Key Levels to Watch
Bullish continuation needs a clean break and hold above 106.22.
Immediate support sits around 104.30–104.50 (MA99 + recent structure).
A failure back below 103.80 (MA25) would start looking more corrective again.
Bigger Context (from the bottom panel)
Today: +3.15%
7 days: –5.46%
30 days: –6.05%
Still deeply red on the longer timeframes (especially 1 year at –43%)
So this is a strong relief bounce / short-term recovery, not yet a confirmed trend reversal on higher timeframes.
Bottom line right now: Momentum is with the bulls on the 1H, but the real test is whether SOL can hold above 105 and push through 106.22 with conviction. Until that happens, it’s still just a bounce inside a larger downtrend.
$SOL
#BankOfRussiaSaysSelfCustodyBanStartsJuly2027
Current: $105.46 (+1.62% on the day)
Strong impulsive move off the 24h low at 100.43, with a series of large bullish (yellow) candles
Price is currently consolidating just below the session high of 106.22
Sitting right on the MA(7) at 105.60
Moving Averages (1H)
MA(7): 105.60 → price is kissing it
MA(25): 103.84
MA(99): 104.34
Price is above all three, and the short-term MA has curled up sharply. Classic short-term bullish structure after a flush.
Volume
Volume expanded nicely on the way up (especially the big yellow candles), then cooled off during the current sideways action near the highs — normal digestion after a sharp move.
Key Levels to Watch
Bullish continuation needs a clean break and hold above 106.22.
Immediate support sits around 104.30–104.50 (MA99 + recent structure).
A failure back below 103.80 (MA25) would start looking more corrective again.
Bigger Context (from the bottom panel)
Today: +3.15%
7 days: –5.46%
30 days: –6.05%
Still deeply red on the longer timeframes (especially 1 year at –43%)
So this is a strong relief bounce / short-term recovery, not yet a confirmed trend reversal on higher timeframes.
Bottom line right now: Momentum is with the bulls on the 1H, but the real test is whether SOL can hold above 105 and push through 106.22 with conviction. Until that happens, it’s still just a bounce inside a larger downtrend.