$SOL 🔴 Overall trend: Bearish, with the price trading at 94.85 below the MA25 and MA99, confirming continued selling pressure after falling from a high of 103.85.
Technical indicators:
MA7: at 94.31 — short-term support.
MA25: at 95.07 — nearby resistance.
MA99: at 96.84 — major resistance.
SAR: at 93.18 — dots appearing below the candles indicate the possibility of a temporary bullish rebound.
Trading volume: The decline in selling volume indicates that selling pressure is gradually weakening.
Support and resistance levels:
🟢 First support: 94.31
🟢 Second support: 93.18
🟢 Strongest support: 92.34
🔴 First resistance: 95.07–95.10
🔴 Second resistance: 96.84
🔴 Major resistance: 103.85
$SOL 🎯 Entry strategy:
Buy: After breaking above 95.10 and a candle closes above it, accompanied by increased trading volume and a successful retest.
Bullish confirmation: Break above 96.84 and hold above it.
Stop-loss: Below 93.18, depending on the entry point and risk management.
Potential target: 96.84, then monitor the next resistance.
⚠️ Bearish scenario: If the price breaks below 94.31, it may head toward 93.18. A break below this level could open the way to test 92.34.
$SOL