$SOL
Solana is currently trading around $101.79 after a volatile 24 hours.
It dropped to a low of $98.62 yesterday where we saw huge volume spike, indicating strong buying interest at the bottom. From there it made a sharp V-shaped recovery to $102.77, which is now acting as a strong resistance.
Price is now pulling back from $102.77 and holding above $101.15. If $101.15 breaks, we can see $99.20 - $98.80 again. On the upside, SOL needs to break $102.77 with volume to continue uptrend.
Overall market is indecisive, better to wait for a clear breakout or retest of support before taking any futures position. For small accounts, spot holding is safer than high leverage futures at this level.$
Solana is currently trading around $101.79 after a volatile 24 hours.
It dropped to a low of $98.62 yesterday where we saw huge volume spike, indicating strong buying interest at the bottom. From there it made a sharp V-shaped recovery to $102.77, which is now acting as a strong resistance.
Price is now pulling back from $102.77 and holding above $101.15. If $101.15 breaks, we can see $99.20 - $98.80 again. On the upside, SOL needs to break $102.77 with volume to continue uptrend.
Overall market is indecisive, better to wait for a clear breakout or retest of support before taking any futures position. For small accounts, spot holding is safer than high leverage futures at this level.$
