$SOL has fallen below the 105 level, with the current price at 104.94.
The round-number level itself has no special significance, but limit orders, stop-losses, and psychological expectations tend to cluster around it, so the tug-of-war between buyers and sellers is usually quite drawn out.
The key is whether a rebound can reclaim 105. If it can't, support turns into resistance. Do you think the market is overpricing the asset?
#SOL
For reference only; not investment advice.
The round-number level itself has no special significance, but limit orders, stop-losses, and psychological expectations tend to cluster around it, so the tug-of-war between buyers and sellers is usually quite drawn out.
The key is whether a rebound can reclaim 105. If it can't, support turns into resistance. Do you think the market is overpricing the asset?
#SOL
For reference only; not investment advice.