SOL hit the $90 mark several times today, but couldn’t break through or fall below it.
Seven days ago, it was still at 94.68. Tonight, it’s down to 89.89—a 5% drop in seven days.
The 24-hour range was less than $2, from 89.23 to 90.88. It’s been as flat as a dead fish.
But don’t underestimate this dead fish—today, BTC fell below 76000 and ETH briefly dropped 8% in early trading, while SOL fell just 0.15%. It’s the toughest one in the market.
I don’t think SOL is weak right now; I think it’s holding its breath and waiting for a direction.
If it holds above 90 and breaks through 92 on strong volume, the bears will have to cover. On the other hand, if 89 breaks, the seven-day low of 88.96 is the next stop.
The longer it stays range-bound, the bigger the breakout—but it’s anyone’s guess which way it’ll go.
Which side are you on tonight?
A: The 90 level holds, and the weekend rebound targets 92; B: If 89 breaks, it’ll have to look for a bottom below 85.
$SOL $BTC
#SOL #Bitcoin
Seven days ago, it was still at 94.68. Tonight, it’s down to 89.89—a 5% drop in seven days.
The 24-hour range was less than $2, from 89.23 to 90.88. It’s been as flat as a dead fish.
But don’t underestimate this dead fish—today, BTC fell below 76000 and ETH briefly dropped 8% in early trading, while SOL fell just 0.15%. It’s the toughest one in the market.
I don’t think SOL is weak right now; I think it’s holding its breath and waiting for a direction.
If it holds above 90 and breaks through 92 on strong volume, the bears will have to cover. On the other hand, if 89 breaks, the seven-day low of 88.96 is the next stop.
The longer it stays range-bound, the bigger the breakout—but it’s anyone’s guess which way it’ll go.
Which side are you on tonight?
A: The 90 level holds, and the weekend rebound targets 92; B: If 89 breaks, it’ll have to look for a bottom below 85.
$SOL $BTC
#SOL #Bitcoin
