s$SOL SOL/USDT is trading around $112, up about 3% in 24 hours. OKX lists it at $112.33 with a $66.2B market cap. That's still far below its all-time high near $296. (okx)
Trend: It's a mild bounce inside a larger downtrend. Monthly closes fell from about $118 in September to about $109 so far in October.
Support: $109 and $105. Prediction markets put roughly 65% odds on SOL dipping below $105 at some point in October.
Resistance: $118, then $125. Traders give about 36% odds of SOL topping $125 this month.
News: Solana reportedly handled about 65% of tokenized equities trading volume in a single day this week. That's a bullish adoption signal, but it hasn't changed the price trend yet. (okx)
A clean break above $118 would favor the bulls. A drop below $105 would open more downside. The levels are my approximation from the sources above, not exact chart data, and this isn't financial advice.
#BitcoinOptionsVolatilityHitsFiveYearLow $
Trend: It's a mild bounce inside a larger downtrend. Monthly closes fell from about $118 in September to about $109 so far in October.
Support: $109 and $105. Prediction markets put roughly 65% odds on SOL dipping below $105 at some point in October.
Resistance: $118, then $125. Traders give about 36% odds of SOL topping $125 this month.
News: Solana reportedly handled about 65% of tokenized equities trading volume in a single day this week. That's a bullish adoption signal, but it hasn't changed the price trend yet. (okx)
A clean break above $118 would favor the bulls. A drop below $105 would open more downside. The levels are my approximation from the sources above, not exact chart data, and this isn't financial advice.
#BitcoinOptionsVolatilityHitsFiveYearLow $