I’ve been watching $SOL closely, and what caught my attention is how strongly it bounced from the $112.52 area.
On the 1H chart, SOL is now around $119.99, after pushing up toward $122.33. The move looks strong, but I can also see some rejection near that high, so I wouldn’t rush into a trade here.
The levels I’m watching are simple:
Support: $118.50 → $116.35
Resistance: $120.66 → $122.33
If SOL can break and hold above $122.33, I’d want to see confirmation before looking for another move higher. If it gets rejected again, I’ll be watching how price reacts around $118.50.
I also checked the chart for RSI, MACD and EMA, but those indicators aren’t visible here, so I won’t make up any readings.
For me, the next candle is more important than chasing the current move. I want confirmation first.
Crypto markets are volatile; do your own research and manage your risk.
$SOL
#BinanceWillListHyperliquid(HYPE) #CFTCUpdatesGuidanceOnTokenizedAssets #solana #sol
On the 1H chart, SOL is now around $119.99, after pushing up toward $122.33. The move looks strong, but I can also see some rejection near that high, so I wouldn’t rush into a trade here.
The levels I’m watching are simple:
Support: $118.50 → $116.35
Resistance: $120.66 → $122.33
If SOL can break and hold above $122.33, I’d want to see confirmation before looking for another move higher. If it gets rejected again, I’ll be watching how price reacts around $118.50.
I also checked the chart for RSI, MACD and EMA, but those indicators aren’t visible here, so I won’t make up any readings.
For me, the next candle is more important than chasing the current move. I want confirmation first.
Crypto markets are volatile; do your own research and manage your risk.
$SOL
#BinanceWillListHyperliquid(HYPE) #CFTCUpdatesGuidanceOnTokenizedAssets #solana #sol
