$SOL
Tests Its Short-Term Pivot After a Heavy Pullback
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Market Overview
Solana is trading around 105.29 (+1.30%) after dropping from the 124.99 swing high. The 24h range is tight, between 100.35 and 105.86, which suggests the sharp selloff is cooling. The broader trend is still bullish after the rally from 70.51, but short-term momentum is mixed.
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Technical Analysis
Price is sitting right on the MA(7) at 104.80, making it the key level to hold. The MA(25) at 113.45 is turning lower and acts as overhead resistance. The MA(99) at 95.22 is rising steadily and supports the higher-timeframe structure.
The chart shows a pullback inside a larger uptrend rather than a confirmed reversal. Volume expanded during the drop and is now fading, a sign that sellers may be losing strength. A stronger daily close would help confirm a bounce.
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🟢 Bullish Case: Holding above 104.80 and reclaiming 113.45 with strong volume could bring a retest of the 124.99 high.
🔴 Bearish Case: A daily close below 100.35 may open the way toward the 95.22 MA(99).
⚪ Neutral Case: Choppy movement between 100.35 and 113.45 would point to consolidation while the market decides direction.
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Key Levels
🔺 Resistance: R1 113.45 | R2 124.99
🔻 Support: S1 100.35 | S2 95.22
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Outlook
SOL is stabilizing after a sharp correction. Watch the MA(7) and the 100 zone closely, along with Bitcoin's direction for market-wide cues. Trade with discipline. Not financial advice.
#ChinaQ3GDPGrowthQuickensTo4.5% #ZcashNU7ProposalWouldFreezeSproutSpending #KOSPIOpens3.17%Lower #ElSalvadorBitcoinHoldingsSurpass7800BTC #solana
Tests Its Short-Term Pivot After a Heavy Pullback
◆━━━━━━━━━━━━━━━━━━◆
Market Overview
Solana is trading around 105.29 (+1.30%) after dropping from the 124.99 swing high. The 24h range is tight, between 100.35 and 105.86, which suggests the sharp selloff is cooling. The broader trend is still bullish after the rally from 70.51, but short-term momentum is mixed.
◆━━━━━━━━━━━━━━━━━━◆
Technical Analysis
Price is sitting right on the MA(7) at 104.80, making it the key level to hold. The MA(25) at 113.45 is turning lower and acts as overhead resistance. The MA(99) at 95.22 is rising steadily and supports the higher-timeframe structure.
The chart shows a pullback inside a larger uptrend rather than a confirmed reversal. Volume expanded during the drop and is now fading, a sign that sellers may be losing strength. A stronger daily close would help confirm a bounce.
◆━━━━━━━━━━━━━━━━━━◆
🟢 Bullish Case: Holding above 104.80 and reclaiming 113.45 with strong volume could bring a retest of the 124.99 high.
🔴 Bearish Case: A daily close below 100.35 may open the way toward the 95.22 MA(99).
⚪ Neutral Case: Choppy movement between 100.35 and 113.45 would point to consolidation while the market decides direction.
◆━━━━━━━━━━━━━━━━━━◆
Key Levels
🔺 Resistance: R1 113.45 | R2 124.99
🔻 Support: S1 100.35 | S2 95.22
◆━━━━━━━━━━━━━━━━━━◆
Outlook
SOL is stabilizing after a sharp correction. Watch the MA(7) and the 100 zone closely, along with Bitcoin's direction for market-wide cues. Trade with discipline. Not financial advice.
#ChinaQ3GDPGrowthQuickensTo4.5% #ZcashNU7ProposalWouldFreezeSproutSpending #KOSPIOpens3.17%Lower #ElSalvadorBitcoinHoldingsSurpass7800BTC #solana