#SOL/USDT Daily Analysis — Binance Square
$SOL is showing a strong bullish structure on the 1D chart, but price is currently consolidating below the recent high of 124.92.
The key short-term resistance is 122.03, followed by 124.92. A confirmed breakout above 124.92 could open the way toward the 130 area.
On the downside, 118.86 is the first important support. If this level fails, SOL could pull back toward 111.83 (MA30). A deeper correction could bring 101.38 (MA100) into focus.
The moving averages remain bullish, with the short-term averages positioned above the longer-term averages. Overall, the structure remains positive as long as SOL holds above the major support zones.
Key Levels:
Support: 118.86 / 111.83 / 101.38
Resistance: 122.03 / 124.92 / 130.00
Bullish above 118.86, but a clean breakout above 124.92 would provide stronger confirmation of the next upside move.
This is technical analysis for educational purposes, not financial advice. $SOL
#DYOR
$SOL is showing a strong bullish structure on the 1D chart, but price is currently consolidating below the recent high of 124.92.
The key short-term resistance is 122.03, followed by 124.92. A confirmed breakout above 124.92 could open the way toward the 130 area.
On the downside, 118.86 is the first important support. If this level fails, SOL could pull back toward 111.83 (MA30). A deeper correction could bring 101.38 (MA100) into focus.
The moving averages remain bullish, with the short-term averages positioned above the longer-term averages. Overall, the structure remains positive as long as SOL holds above the major support zones.
Key Levels:
Support: 118.86 / 111.83 / 101.38
Resistance: 122.03 / 124.92 / 130.00
Bullish above 118.86, but a clean breakout above 124.92 would provide stronger confirmation of the next upside move.
This is technical analysis for educational purposes, not financial advice. $SOL
#DYOR
