📉 $SOL is struggling around the $89 USDT zone: technical rebound or continued decline?
Solana ($SOL) is trading at $89.03 USDT, posting a slight daily consolidation after touching a low of $88.73 USDT and a high of $89.95 USDT over the past 24 hours.
🔍 Chart highlights:
Short-term structure: The chart shows selling pressure in recent candles, testing the lower end of the range.
Immediate support: Holding the $88.70–$89.00 USDT range is crucial to avoid testing the psychological $85 level.
Resistance to break: A high-volume break above $89.95–$90.30 USDT would open the way to test higher moving averages.
Context: Despite a -6.93% pullback over the past 7 days, the 90-day structure still shows a positive return of +16.18%.
Current price: $89.03 USDT (-0.71%) 24-hour high: $89.95 USDT 24-hour low: $88.73 USDT 24-hour volume: 55.07 M USDT Weekly/monthly performance: -6.93% over 7 days and -19.40% over 30 days (while still maintaining +16.18% over 90 days)