$SOL 💰 Current price: 89.63 USDT.
📉 First: Price movement
The price is moving in a sideways range after a previous downward wave.
Buyers are trying to regain momentum with a slight rebound appearing.
The MA7 and MA25 averages are at 89.41, indicating convergence and temporary balance.
The price is still below MA99 at 91.40, keeping the overall trend tilted to the downside.
Trading volumes are relatively limited and have not yet confirmed a strong bullish breakout.
$SOL 🟢 Second: Support areas
First support: 89.20 – 89.00.
Second support: 88.73.
Main support: 88.30.
🔴 Third: Resistance areas
First resistance: 90.00 – 90.12.
Second resistance: 90.70 – 90.90.
Main resistance: 91.40 – 91.62.
📈 Fourth: Expected scenario
A breakout of 90.12 with an hourly candle close and rising trading volume could push the price toward 90.70.
A breakout of 90.70 may open the way toward 91.40.
Failure to exceed 90.00 with a break of 89.00 could send the price back to test 88.73, then 88.30.
🎯 Conclusion: The price is moving sideways with a short-term rebound attempt, but the trend remains cautious and negative below 91.40.
It is best to wait for a breakout of 90.12 and confirmation before considering a buy entry, while monitoring trading volume.$SOL
#SOL #Binance #Solana
📉 First: Price movement
The price is moving in a sideways range after a previous downward wave.
Buyers are trying to regain momentum with a slight rebound appearing.
The MA7 and MA25 averages are at 89.41, indicating convergence and temporary balance.
The price is still below MA99 at 91.40, keeping the overall trend tilted to the downside.
Trading volumes are relatively limited and have not yet confirmed a strong bullish breakout.
$SOL 🟢 Second: Support areas
First support: 89.20 – 89.00.
Second support: 88.73.
Main support: 88.30.
🔴 Third: Resistance areas
First resistance: 90.00 – 90.12.
Second resistance: 90.70 – 90.90.
Main resistance: 91.40 – 91.62.
📈 Fourth: Expected scenario
A breakout of 90.12 with an hourly candle close and rising trading volume could push the price toward 90.70.
A breakout of 90.70 may open the way toward 91.40.
Failure to exceed 90.00 with a break of 89.00 could send the price back to test 88.73, then 88.30.
🎯 Conclusion: The price is moving sideways with a short-term rebound attempt, but the trend remains cautious and negative below 91.40.
It is best to wait for a breakout of 90.12 and confirmation before considering a buy entry, while monitoring trading volume.$SOL
#SOL #Binance #Solana
