Here is SOL detailed Technical Analysis - Today, Oct 19:
- Price: $105.84 (+2.09%)
- 24H Low/High: $100.43 / $105.99
- Market Cap: $60.83B
- ATH: $295.9 (now -64% down)
BULLISH CASE (Long)
Trigger: Break & close above $105.99
Confirmation:
- RSI is 48.32 and rising, not overbought yet (neutral zone)
- MACD just gave bullish crossover, histogram turning green
- Volume spike at $100.43 low shows buyers defended
Targets:
1. $110.59 (major resistance)
2. $115 (breakout target)
3. $125 if BTC holds $84k
Catalyst: Alpenglow Upgrade on Oct 21 - finality from 12.8s to 150ms. This is a strong fundamental bullish event.
Invalidation: If daily closes below $100.43
BEARISH CASE (Short)
Trigger: Rejection at $105.99 or break below $100.43
Confirmation:
- Down 44.5% in 1 year, market says 82% probability to drop below $100 by month-end
- Volume increased during drop from $112 to $103 = active selling
- $81k-$86k BTC overhead = SOL will follow if BTC drops
Targets:
1. $100.43 (support)
2. $97 (liquidity sweep target)
3. $92.50 (next strong support)
Invalidation: If closes above $110.59
My Bias Right Now: NEUTRAL TO SLIGHTLY BULLISH FOR SHORT TERM
Reason: SOL defended $100.43 very well with wick, plus upgrade news. But I would not FOMO long at $105.84.
Best Plan:
- Scalp Long: $103.5 - $104 retest with SL $100.2, TP $109
- Swing Long: Wait for $100 sweep to $97-99 zone, then long with SL $94

