$SOL below 92.5, next support?
$SOL is trading at US$92.5, down 1.69% over 24h. The 4h trend remains bearish, and the RSI is at 35.1, indicating downward pressure.
On the 24h radar, $NEAR is plunging 6.27% and $ZEC is falling 5.49%, the sharpest moves in the group. XRP is barely up 0.55%, but the action in $NEAR and $ZEC points to nervousness in the sector.
Key support is at 90.87, with resistance at 93.047 and 94.96. The EMAs point to 94.078 (EMA20) and 96.745 (EMA50), both above the current price, confirming the bearish trend.
Bullish scenario: if $SOL breaks through the 93.047 resistance, the next target would be resistance at 94.96; any drop below 90.87 would invalidate this outlook. Bearish scenario: a break below 90.87 would open the door to further selling and reinforce the bearish trend.
Will it break through 93.047 or return to 90.87? 🟢/🔴
#Solana #DeFi
This is not financial advice. Do your own research before investing.
$SOL is trading at US$92.5, down 1.69% over 24h. The 4h trend remains bearish, and the RSI is at 35.1, indicating downward pressure.
On the 24h radar, $NEAR is plunging 6.27% and $ZEC is falling 5.49%, the sharpest moves in the group. XRP is barely up 0.55%, but the action in $NEAR and $ZEC points to nervousness in the sector.
Key support is at 90.87, with resistance at 93.047 and 94.96. The EMAs point to 94.078 (EMA20) and 96.745 (EMA50), both above the current price, confirming the bearish trend.
Bullish scenario: if $SOL breaks through the 93.047 resistance, the next target would be resistance at 94.96; any drop below 90.87 would invalidate this outlook. Bearish scenario: a break below 90.87 would open the door to further selling and reinforce the bearish trend.
Will it break through 93.047 or return to 90.87? 🟢/🔴
#Solana #DeFi
This is not financial advice. Do your own research before investing.
