📉 SOLANA (SOL) PRICE ANALYSIS — BEARS IN CONTROL?
🔥 SOL/USDT: $101.72
Solana is showing short-term bearish momentum after dropping from its recent high of $124.95. Sellers appear to be maintaining pressure, but will buyers defend the key support zone? 👀
📊 Technical Breakdown:
🔴 Current Price: $101.72
🔴 MA(7): $104.17
🔴 MA(25): $109.59
🟢 MA(99): $96.96
📍 Key Levels to Watch:
🛡️ Support 1: $100.37
🛡️ Support 2: $96.96
🚀 Resistance 1: $104.17
🚀 Resistance 2: $106.53–$109.59
🐻 Bearish Scenario: If SOL breaks below $100.37, the price could test the $97 area.
🐂 Bullish Scenario: If buyers reclaim $104–$106 with strong volume, a short-term recovery could develop.
⚠️ My Take: SOL is trading below its 7-day and 25-day moving averages, suggesting continued short-term weakness. However, the 99-day moving average near $96.96 could act as an important support area.
💬 What do you think?
Will SOL bounce back above $105, or drop toward $97 first?
👇 Share your analysis in the comments!
#SOL #Solana #SOLUSDT #CryptoAnalysis #BinanceSquare #CryptoTrading #TechnicalAnalysis #Bitcoin #Altcoins #CryptoMarket
🔥 SOL/USDT: $101.72
Solana is showing short-term bearish momentum after dropping from its recent high of $124.95. Sellers appear to be maintaining pressure, but will buyers defend the key support zone? 👀
📊 Technical Breakdown:
🔴 Current Price: $101.72
🔴 MA(7): $104.17
🔴 MA(25): $109.59
🟢 MA(99): $96.96
📍 Key Levels to Watch:
🛡️ Support 1: $100.37
🛡️ Support 2: $96.96
🚀 Resistance 1: $104.17
🚀 Resistance 2: $106.53–$109.59
🐻 Bearish Scenario: If SOL breaks below $100.37, the price could test the $97 area.
🐂 Bullish Scenario: If buyers reclaim $104–$106 with strong volume, a short-term recovery could develop.
⚠️ My Take: SOL is trading below its 7-day and 25-day moving averages, suggesting continued short-term weakness. However, the 99-day moving average near $96.96 could act as an important support area.
💬 What do you think?
Will SOL bounce back above $105, or drop toward $97 first?
👇 Share your analysis in the comments!
#SOL #Solana #SOLUSDT #CryptoAnalysis #BinanceSquare #CryptoTrading #TechnicalAnalysis #Bitcoin #Altcoins #CryptoMarket
