I'm watching $SOL slide into the one number this market keeps coming back to.
SOL is at $101.38, down 2.7% in 24 hours on $177M of spot volume, while Bitcoin is down just 1.3% to $80,579. This is not a Solana-specific break — it is a high-beta coin falling harder on a risk-off day, and that distinction matters for how you read the next test.
Since the $109.20 high on October 21, SOL has printed lower highs and lower lows, giving back about 7%. My lines: support $100.43, the 12-day low defended on October 18, and resistance $105.24, this week's high. A 4-hour close under $100.43 breaks that base.
My hesitation is simpler: round numbers attract both dip buyers and clustered stops, and SOL is already sitting under its 4-hour EMA 21 and EMA 50. A first touch that holds is a test, not a verdict.
Are you treating $100.43 as a floor, a trap, or just noise — and what would change your read?
NFA. DYOR.
$SOL #Solana #CryptoMarkets #SolanaAnalysis #RiskManagement
SOL is at $101.38, down 2.7% in 24 hours on $177M of spot volume, while Bitcoin is down just 1.3% to $80,579. This is not a Solana-specific break — it is a high-beta coin falling harder on a risk-off day, and that distinction matters for how you read the next test.
Since the $109.20 high on October 21, SOL has printed lower highs and lower lows, giving back about 7%. My lines: support $100.43, the 12-day low defended on October 18, and resistance $105.24, this week's high. A 4-hour close under $100.43 breaks that base.
My hesitation is simpler: round numbers attract both dip buyers and clustered stops, and SOL is already sitting under its 4-hour EMA 21 and EMA 50. A first touch that holds is a test, not a verdict.
Are you treating $100.43 as a floor, a trap, or just noise — and what would change your read?
NFA. DYOR.
$SOL #Solana #CryptoMarkets #SolanaAnalysis #RiskManagement