š $SOL TECHNICAL ANALYSIS ā SOLANA STRUGGLES TO RECLAIM $98
MARKET STRUCTURE
Solana remains under pressure following its rejection from $103.18 and subsequent decline toward $92.34.
Although buyers have supported a recovery toward $96, price remains below the 4-hour EMA20 near $98.42.
RSI around 40 indicates weak momentum, with sellers maintaining the broader short-term advantage.
KEY SUPPORT
$95.65ā$95.00 ā Immediate support
$94.70ā$93.62 ā Secondary support
$92.34 ā Critical structural support
KEY RESISTANCE
$96.44 ā Immediate resistance
$97.09ā$97.61 ā Recovery resistance
$98.42ā$98.58 ā Major resistance
š BULLISH SCENARIO
A sustained 4-hour close above $97.61 could support recovery toward $98.42ā$98.58.
Breaking $98.58 would improve short-term momentum and potentially open a move toward $100.
š BEARISH SCENARIO
Failure to defend $95.65 could trigger renewed selling toward $94.70 and $93.62.
A confirmed breakdown below $93.62 would increase the probability of retesting $92.34.
š TECHNICAL CONCLUSION
OUTLOOK: BEARISH ā STABILIZATION UNCONFIRMED
SOL is consolidating after significant selling pressure, but recovery momentum remains limited below $98.42.
Decisive range: $95.65ā$98.58.
Reclaiming $98.58 would improve the technical outlook, while losing $95.65 would increase downside risk.
#SaberTechnicalAnalysis #SOL #Solana #TechnicalAnalysis #BinanceSquare
Source: Binance SOL/USDT Spot
MARKET STRUCTURE
Solana remains under pressure following its rejection from $103.18 and subsequent decline toward $92.34.
Although buyers have supported a recovery toward $96, price remains below the 4-hour EMA20 near $98.42.
RSI around 40 indicates weak momentum, with sellers maintaining the broader short-term advantage.
KEY SUPPORT
$95.65ā$95.00 ā Immediate support
$94.70ā$93.62 ā Secondary support
$92.34 ā Critical structural support
KEY RESISTANCE
$96.44 ā Immediate resistance
$97.09ā$97.61 ā Recovery resistance
$98.42ā$98.58 ā Major resistance
š BULLISH SCENARIO
A sustained 4-hour close above $97.61 could support recovery toward $98.42ā$98.58.
Breaking $98.58 would improve short-term momentum and potentially open a move toward $100.
š BEARISH SCENARIO
Failure to defend $95.65 could trigger renewed selling toward $94.70 and $93.62.
A confirmed breakdown below $93.62 would increase the probability of retesting $92.34.
š TECHNICAL CONCLUSION
OUTLOOK: BEARISH ā STABILIZATION UNCONFIRMED
SOL is consolidating after significant selling pressure, but recovery momentum remains limited below $98.42.
Decisive range: $95.65ā$98.58.
Reclaiming $98.58 would improve the technical outlook, while losing $95.65 would increase downside risk.
#SaberTechnicalAnalysis #SOL #Solana #TechnicalAnalysis #BinanceSquare
Source: Binance SOL/USDT Spot