$SOL a testing support at $89.86: will it hold or give way? 📊
SITUATION: Solana is trading at $92.65 (today’s data, 04/11, around 15:00 CAT), down 0.54% over 24 hours and 6.57% over 7 days, with 24-hour trading volume of around $176 million. After a week of declines, the price is now sitting right at its 7-day low — this is where the next move will be decided.
LEVELS: Immediate support at $89.86 (7-day low). Resistance: $93.49 (20-period moving average on the 4-hour chart) and $96.66 (50-period moving average on the 4-hour chart). 7-day high: $103.85. RSI-14 at 41, in neutral territory, with neither side showing excess.
SCENARIO A: If $89.86 holds and the price recovers above $93.49, there is room to test $96.66 and then $103.85.
SCENARIO B: If there is a 4-hour close below $89.86, the weak structure remains in place, and the price will have no nearby support within the past 7-day range.
WHAT WOULD CONFIRM IT: A 4-hour close above $93.49, with the RSI rising from 41, would strengthen Scenario A. A close below $89.86 would confirm Scenario B. Until then, it’s a waiting game — not a guessing game.
RISK: Altcoins are more volatile and have wider spreads than BTC, so stop-losses need room to breathe and positions should be small. This is analysis, not financial advice, and nothing here justifies excessive leverage.
CONCLUSION: Solana is at a clear decision point: support is being tested, while the moving averages above need to be reclaimed. What matters more to you — a defense of $89.86 or the price remaining below both moving averages? Let us know in the comments. 👇
#Solana #AnaliseTecnica #CriptoVisao
SITUATION: Solana is trading at $92.65 (today’s data, 04/11, around 15:00 CAT), down 0.54% over 24 hours and 6.57% over 7 days, with 24-hour trading volume of around $176 million. After a week of declines, the price is now sitting right at its 7-day low — this is where the next move will be decided.
LEVELS: Immediate support at $89.86 (7-day low). Resistance: $93.49 (20-period moving average on the 4-hour chart) and $96.66 (50-period moving average on the 4-hour chart). 7-day high: $103.85. RSI-14 at 41, in neutral territory, with neither side showing excess.
SCENARIO A: If $89.86 holds and the price recovers above $93.49, there is room to test $96.66 and then $103.85.
SCENARIO B: If there is a 4-hour close below $89.86, the weak structure remains in place, and the price will have no nearby support within the past 7-day range.
WHAT WOULD CONFIRM IT: A 4-hour close above $93.49, with the RSI rising from 41, would strengthen Scenario A. A close below $89.86 would confirm Scenario B. Until then, it’s a waiting game — not a guessing game.
RISK: Altcoins are more volatile and have wider spreads than BTC, so stop-losses need room to breathe and positions should be small. This is analysis, not financial advice, and nothing here justifies excessive leverage.
CONCLUSION: Solana is at a clear decision point: support is being tested, while the moving averages above need to be reclaimed. What matters more to you — a defense of $89.86 or the price remaining below both moving averages? Let us know in the comments. 👇
#Solana #AnaliseTecnica #CriptoVisao
