$SOL > SOL/USDT - 1D Update $BTC Price: $101.69After hitting ATH $124.95, SOL is in healthy correction. Strong support at $100. Vol MA(5) 1.35M is low, showing consolidation phase. Not a selling time. Waiting for breakout.What's your SOL target for this week? $SOL
Guys with $3, $5 accounts, please don't take 20x on SOL right now. Market is stuck between $101.15 and $102.77. Your whole account will be gone in fees only. Spot is better.
I made a mistake yesterday, took a quick long at $101.79 and lost $0.30 in fees only. Now I understand, should not trade in the middle. Will enter only if $102.77 breaks, otherwise wait.
Solana is currently trading around $101.79 after a volatile 24 hours.
It dropped to a low of $98.62 yesterday where we saw huge volume spike, indicating strong buying interest at the bottom. From there it made a sharp V-shaped recovery to $102.77, which is now acting as a strong resistance.
Price is now pulling back from $102.77 and holding above $101.15. If $101.15 breaks, we can see $99.20 - $98.80 again. On the upside, SOL needs to break $102.77 with volume to continue uptrend.
Overall market is indecisive, better to wait for a clear breakout or retest of support before taking any futures position. For small accounts, spot holding is safer than high leverage futures at this level.$