🔥 $SOL
: The Alpenglow Hangover
Solana completed its massive Alpenglow upgrade, yet the price is sliding—classic "sell the news" with ETF outflows adding fuel to the fire . The RSI is nearing oversold territory, which means a bounce is brewing, but catching a falling knife is dangerous.
· Market Overview: Bearish to neutral short-term, but the tech is stronger than ever.
· Key Levels: Support sits at $84** (61.8% Fib) and **$77 . Resistance is at $91.30**, then **$98 .
· Pro Tip: Don't chase the bounce. Wait for a reclaim of $91.30** with volume before entering. If **$88 breaks on the daily, expect a flush to $83 .
· Short/Mid/Long-Term Insight: Short-term pain persists; mid-term recovery depends on ETF flows stabilizing; long-term, Alpenglow makes Solana a serious Ethereum competitor.
· Trade Targets: 1. $91.30** (first test), 2. **$98 (breakout confirmation), 3. $108 (if momentum returns) .#BinanceReopensWithdrawalsForMoreAssets #BitcoinFiveWeeklyLosses
: The Alpenglow Hangover
Solana completed its massive Alpenglow upgrade, yet the price is sliding—classic "sell the news" with ETF outflows adding fuel to the fire . The RSI is nearing oversold territory, which means a bounce is brewing, but catching a falling knife is dangerous.
· Market Overview: Bearish to neutral short-term, but the tech is stronger than ever.
· Key Levels: Support sits at $84** (61.8% Fib) and **$77 . Resistance is at $91.30**, then **$98 .
· Pro Tip: Don't chase the bounce. Wait for a reclaim of $91.30** with volume before entering. If **$88 breaks on the daily, expect a flush to $83 .
· Short/Mid/Long-Term Insight: Short-term pain persists; mid-term recovery depends on ETF flows stabilizing; long-term, Alpenglow makes Solana a serious Ethereum competitor.
· Trade Targets: 1. $91.30** (first test), 2. **$98 (breakout confirmation), 3. $108 (if momentum returns) .#BinanceReopensWithdrawalsForMoreAssets #BitcoinFiveWeeklyLosses