$SOL
📉 Solana (SOL) catches its breath temporarily at $104
SOL opened the day at $104, then fell to $103 before bouncing to $106, and is now holding at $104. This consolidation follows a sharp drop yesterday from $104 to $100, as markets await the Alpenglow upgrade scheduled for October 21, which aims to reduce transaction finality time to around 150 milliseconds.
🗺️ Support, resistance, and scenarios
Critical support: $100–$103; a daily close below this range opens the way toward $98 and then $95. First resistance: $106–$106.45; a breakout on strong trading volume could restore momentum toward $108. Holding $103 as selling eases could trigger a rebound, while a high-volume breakdown would confirm that the decline is continuing.
ℹ️ About the project
Solana is a high-speed, high-performance Layer 1 blockchain that relies on Proof of History (PoH) and Proof of Stake (PoS). Its circulating supply is about 486 million SOL, with declining inflation and fee burns.
⚠️ Notice: This post is not financial advice. Stick to spot trading only and manage your capital carefully; risks are high.
#CryptoAnalysis #TradingSignals #crypto #cryptotrade #solana
📉 Solana (SOL) catches its breath temporarily at $104
SOL opened the day at $104, then fell to $103 before bouncing to $106, and is now holding at $104. This consolidation follows a sharp drop yesterday from $104 to $100, as markets await the Alpenglow upgrade scheduled for October 21, which aims to reduce transaction finality time to around 150 milliseconds.
🗺️ Support, resistance, and scenarios
Critical support: $100–$103; a daily close below this range opens the way toward $98 and then $95. First resistance: $106–$106.45; a breakout on strong trading volume could restore momentum toward $108. Holding $103 as selling eases could trigger a rebound, while a high-volume breakdown would confirm that the decline is continuing.
ℹ️ About the project
Solana is a high-speed, high-performance Layer 1 blockchain that relies on Proof of History (PoH) and Proof of Stake (PoS). Its circulating supply is about 486 million SOL, with declining inflation and fee burns.
⚠️ Notice: This post is not financial advice. Stick to spot trading only and manage your capital carefully; risks are high.
#CryptoAnalysis #TradingSignals #crypto #cryptotrade #solana