$SOL has held $100 on 70 of its last 71 four-hour closes ahead of tonight's Fed decision.
I've counted the tape back to October 16. The only close below $100 came on October 24, at $99.78, with an intraday low of $98.62 — and price climbed back above the line. The last three closes read $101.16, $101.35 and $102.03, each higher than the last.
The Alpenglow upgrade went live on October 21, and faster finality is infrastructure — but it is not a reason for price to hold a level. The floor was built by closes, not announcements, and one Fed-night candle can reprice either side of it.
Support is $100, resistance $102.73, the October 26 high. A 4-hour close under $100 breaks that floor; a close above $102.73 retests the $108.49 window-high close from October 21.
Does $SOL clear $102.73 before the decision lands, or does $100 give way first?
Not financial advice. Do your own research.
$SOL #Solana #CryptoMarkets #Alpenglow
I've counted the tape back to October 16. The only close below $100 came on October 24, at $99.78, with an intraday low of $98.62 — and price climbed back above the line. The last three closes read $101.16, $101.35 and $102.03, each higher than the last.
The Alpenglow upgrade went live on October 21, and faster finality is infrastructure — but it is not a reason for price to hold a level. The floor was built by closes, not announcements, and one Fed-night candle can reprice either side of it.
Support is $100, resistance $102.73, the October 26 high. A 4-hour close under $100 breaks that floor; a close above $102.73 retests the $108.49 window-high close from October 21.
Does $SOL clear $102.73 before the decision lands, or does $100 give way first?
Not financial advice. Do your own research.
$SOL #Solana #CryptoMarkets #Alpenglow
