๐จ $SOL JUST FACED A MASSIVE SELL-OFF! WHAT'S NEXT? ๐
Solana ($SOL ) has dropped sharply from $103.18 to $94.59, losing the important $100 level.
๐ What does the 4H chart show?
๐ด Resistance: $99.90โ$100.00 โ previous support, now an important resistance zone.
๐ข Support: Around $97.50 โ this level has also been broken.
๐ Recent low: $92.34 โ the key downside level to watch.
๐ฏ Potential recovery zone: If buyers regain momentum, $97.50 and then $99.90โ$100 could become recovery targets.
โ ๏ธ Liquidation level shown: $91.70. A further drop toward this area could increase pressure on leveraged positions.
The chart shows several Sell signals during the decline, followed by a Buy marker near the $92.34 low. But will buyers manage to turn this bounce into a real recovery?
Is $92.34 the bottom, or is more downside coming? ๐
$SOL
#SOL #Crypto #BinanceSquare #Write2Earnโฌ
Solana ($SOL ) has dropped sharply from $103.18 to $94.59, losing the important $100 level.
๐ What does the 4H chart show?
๐ด Resistance: $99.90โ$100.00 โ previous support, now an important resistance zone.
๐ข Support: Around $97.50 โ this level has also been broken.
๐ Recent low: $92.34 โ the key downside level to watch.
๐ฏ Potential recovery zone: If buyers regain momentum, $97.50 and then $99.90โ$100 could become recovery targets.
โ ๏ธ Liquidation level shown: $91.70. A further drop toward this area could increase pressure on leveraged positions.
The chart shows several Sell signals during the decline, followed by a Buy marker near the $92.34 low. But will buyers manage to turn this bounce into a real recovery?
Is $92.34 the bottom, or is more downside coming? ๐
$SOL
#SOL #Crypto #BinanceSquare #Write2Earnโฌ
