$SOL is retesting a crucial support zone – Keep an eye on the $116–$117 level 🔍
SOL is currently trading around $116.8. After testing the $121 peak, the price adjusted right back to the $116–$117 zone — a previous resistance that is now acting as support (a classic resistance-turned-support retest).
🔹 Daily: Retesting the breakout zone after a strong rally from $100. 🔹 H1: The $116–$117 zone has held strong twice this week. 🔹 Major support below: $113–$114.
📰 Notable News:
Alpenglow upgrade (consensus upgrade) scheduled for Sept 28.
Staking rate hit an ATH of 69.3% – reducing circulating supply.
ZetaChain decided to migrate to the Solana ecosystem.
If the $116–$117 support holds firm, we can expect a retest of the $119–$121 target. If it breaks, a drop back to $113–$114 is likely.
⚠️ This post reflects personal market observations and is not financial advice. Always DYOR before making any investment decisions.
#SOL #Solana #Altcoins
SOL is currently trading around $116.8. After testing the $121 peak, the price adjusted right back to the $116–$117 zone — a previous resistance that is now acting as support (a classic resistance-turned-support retest).
🔹 Daily: Retesting the breakout zone after a strong rally from $100. 🔹 H1: The $116–$117 zone has held strong twice this week. 🔹 Major support below: $113–$114.
📰 Notable News:
Alpenglow upgrade (consensus upgrade) scheduled for Sept 28.
Staking rate hit an ATH of 69.3% – reducing circulating supply.
ZetaChain decided to migrate to the Solana ecosystem.
If the $116–$117 support holds firm, we can expect a retest of the $119–$121 target. If it breaks, a drop back to $113–$114 is likely.
⚠️ This post reflects personal market observations and is not financial advice. Always DYOR before making any investment decisions.
#SOL #Solana #Altcoins
