Guys, remember our previous $SOL analysis? đ
We highlighted the $107â108 support zone, and price has now dropped sharply into that area before showing a bounce. SOL is currently trying to stabilize around the $110 zone.
So, what should we watch next? đ
đą Bullish scenario If SOL holds above $107â108 and buyers step in with strength, we could see a recovery toward $113â116. A successful reclaim of that zone could open the way toward $118â120.
đŽ Bearish scenario If $SOL loses $107â108 on a convincing 4H close, the next downside levels to watch are $106 and $102. So we shouldnât assume the bottom is in just because price bounced.
đ My take:
The support zone is doing the job we were watching it for, but the bounce still needs confirmation. I want to see buyers reclaim key resistance levels before getting too bullish.
No need to chase the move let price confirm its next direction. Patience is key here. đŻ
Key levels to watch:
Support: $107â108
Lower supports: $106 / $102
Resistance: $113â116
Next upside zone: $118â120
Letâs see whether $SOL can turn this support reaction into a proper recovery. đ
This is a technical scenario, not a guaranteed prediction. Always manage risk.
#SolanaPlansToCutBlockTimesTo200ms #IMFSaysTokenizedMarketsSmall
We highlighted the $107â108 support zone, and price has now dropped sharply into that area before showing a bounce. SOL is currently trying to stabilize around the $110 zone.
So, what should we watch next? đ
đą Bullish scenario If SOL holds above $107â108 and buyers step in with strength, we could see a recovery toward $113â116. A successful reclaim of that zone could open the way toward $118â120.
đŽ Bearish scenario If $SOL loses $107â108 on a convincing 4H close, the next downside levels to watch are $106 and $102. So we shouldnât assume the bottom is in just because price bounced.
đ My take:
The support zone is doing the job we were watching it for, but the bounce still needs confirmation. I want to see buyers reclaim key resistance levels before getting too bullish.
No need to chase the move let price confirm its next direction. Patience is key here. đŻ
Key levels to watch:
Support: $107â108
Lower supports: $106 / $102
Resistance: $113â116
Next upside zone: $118â120
Letâs see whether $SOL can turn this support reaction into a proper recovery. đ
This is a technical scenario, not a guaranteed prediction. Always manage risk.
#SolanaPlansToCutBlockTimesTo200ms #IMFSaysTokenizedMarketsSmall