☀️ $SOL is attempting to consolidate its recovery and is once again testing a key area to determine the next move.
#SOL is trading around 106.49 $USDT , up 1.70% over the past 24 hours. During the session, it rebounded from 103.67 to a high of 108.25, driven by a significant increase in buying volume. However, the subsequent pullback reflects continued selling pressure near the highs.
On the 1H chart, the price reclaimed the MA(25), at 105.51, and the MA(99), near 104.46. It is now trading almost exactly at the MA(7), around 106.50. The structure is improving, although momentum needs to pick up for another attempt at resistance.
🟢 Support: 105.50–106.00 | 104.40–104.50 | 103.60–103.70
🔴 Resistance: 107.40–107.60 | 108.20–108.30 | 109–110
$BTC also showed strength, recovering from 81,200 to a high of 83,439 before consolidating near 82,980. On the 1H chart, it is trading above all three moving averages, but it still needs to break through resistance at 83,350–83,450 to confirm the uptrend’s continuation.
☀️ If #SOL reclaims 107.40–107.60 and breaks above 108.30 on volume, it could advance toward 109–110. Confirmation of this scenario will also depend on #BTC breaking above 83,450 and maintaining its recovery structure.
⚠️ If SOL loses the 105.50 area, the likelihood of a correction toward 104.50 would increase. A break below that support would once again leave 103.70 exposed. Meanwhile, a rejection of BTC at 83,350–83,450 could limit the upside for altcoins.
The session delivered a positive signal: buyers responded strongly, and SOL reclaimed important technical levels. However, the pullback from the highs shows that the battle is not over yet.
For now, the short-term outlook is improving, but confirmation is still pending. The decisive level for our ☀️ is 108.30. 👀
#BTC #Crypto
#SOL is trading around 106.49 $USDT , up 1.70% over the past 24 hours. During the session, it rebounded from 103.67 to a high of 108.25, driven by a significant increase in buying volume. However, the subsequent pullback reflects continued selling pressure near the highs.
On the 1H chart, the price reclaimed the MA(25), at 105.51, and the MA(99), near 104.46. It is now trading almost exactly at the MA(7), around 106.50. The structure is improving, although momentum needs to pick up for another attempt at resistance.
🟢 Support: 105.50–106.00 | 104.40–104.50 | 103.60–103.70
🔴 Resistance: 107.40–107.60 | 108.20–108.30 | 109–110
$BTC also showed strength, recovering from 81,200 to a high of 83,439 before consolidating near 82,980. On the 1H chart, it is trading above all three moving averages, but it still needs to break through resistance at 83,350–83,450 to confirm the uptrend’s continuation.
☀️ If #SOL reclaims 107.40–107.60 and breaks above 108.30 on volume, it could advance toward 109–110. Confirmation of this scenario will also depend on #BTC breaking above 83,450 and maintaining its recovery structure.
⚠️ If SOL loses the 105.50 area, the likelihood of a correction toward 104.50 would increase. A break below that support would once again leave 103.70 exposed. Meanwhile, a rejection of BTC at 83,350–83,450 could limit the upside for altcoins.
The session delivered a positive signal: buyers responded strongly, and SOL reclaimed important technical levels. However, the pullback from the highs shows that the battle is not over yet.
For now, the short-term outlook is improving, but confirmation is still pending. The decisive level for our ☀️ is 108.30. 👀
#BTC #Crypto