đš $SOLANA (SOL) â BULLISH RECOVERY OR ANOTHER DROP?
$SOL experienced a sharp flush overnight, hitting a low of $101.7 on the 4H chart before bouncing strongly. Price is now around $108.6.
đ Market Structure: Still Bearish
SOL remains below EMA20 (~$110) and EMA50 (~$112.5), with both moving averages trending downward since the October 8 sell-off.
đŻ Key Levels to Watch
đą Bullish Scenario: A strong 4H candle close above $110â$112.5, followed by a successful hold, could open the way toward $116.
đŽ Bearish Scenario: If SOL loses $105.7 again, a retest of $101â$102 becomes possible.
đ Volume Insight: The strong bounce on decent volume suggests buyers are stepping in. However, confirmation is still needed before calling a trend reversal.
â ïž My View: SOL is showing signs of recovery, but the overall structure remains bearish until resistance is reclaimed.
#SOL #Solana #CryptoAnalysis #Binance #Trading
Not financial advice. Always manage your risk.
#SeptemberCPIWatch #BTCDominanceBackAt60%
$SOL experienced a sharp flush overnight, hitting a low of $101.7 on the 4H chart before bouncing strongly. Price is now around $108.6.
đ Market Structure: Still Bearish
SOL remains below EMA20 (~$110) and EMA50 (~$112.5), with both moving averages trending downward since the October 8 sell-off.
đŻ Key Levels to Watch
đą Bullish Scenario: A strong 4H candle close above $110â$112.5, followed by a successful hold, could open the way toward $116.
đŽ Bearish Scenario: If SOL loses $105.7 again, a retest of $101â$102 becomes possible.
đ Volume Insight: The strong bounce on decent volume suggests buyers are stepping in. However, confirmation is still needed before calling a trend reversal.
â ïž My View: SOL is showing signs of recovery, but the overall structure remains bearish until resistance is reclaimed.
#SOL #Solana #CryptoAnalysis #Binance #Trading
Not financial advice. Always manage your risk.
#SeptemberCPIWatch #BTCDominanceBackAt60%