$SOL has printed lower lows since the Oct 29 drop. It slipped to $90.87 on Nov 2 and is back near $93.5 today, up about 1.3% on the day while Fear & Greed sits at 26.
How I'm reading it for Nov 3 to Nov 10:
If SOL gets a daily close back above $96.4 (the Oct 30 close), I'd look for $98.6 first and then the $101 to $102 area where it spent most of late October.
If it closes a day under $90.87, the bounce failed, and the weekly chart shows thin support until the $74 to $78 base SOL broke out of in August.
Slight bullish lean only because sellers keep failing to hold it below $91, but this stays a downtrend until $96.4 is reclaimed.
#Solana #SOL #PriceAnalysis #CryptoMarket
NFA
How I'm reading it for Nov 3 to Nov 10:
If SOL gets a daily close back above $96.4 (the Oct 30 close), I'd look for $98.6 first and then the $101 to $102 area where it spent most of late October.
If it closes a day under $90.87, the bounce failed, and the weekly chart shows thin support until the $74 to $78 base SOL broke out of in August.
Slight bullish lean only because sellers keep failing to hold it below $91, but this stays a downtrend until $96.4 is reclaimed.
#Solana #SOL #PriceAnalysis #CryptoMarket
NFA
