$SOL just climbed back above its 7-day average. The harder test is still overhead.
Where it stands (Binance spot):
• Price $96.60, +3.25% in 24h
• 24h range $92.47 – $98.14
• Back above the 7D average ($94.78), still under the 20D average (~$100)
• Bounced off a 7D low of $89.86 printed on Nov 4
Volume backs the move: about $235M traded over the last 24h vs a ~$188M daily average for the prior six days, roughly 25% more. The 4h candle that broke the range carried the heaviest volume of the week outside the Oct 29 flush.
Context matters though. A month ago SOL closed at $116.30, so it's still down about 17% on 30 days and about 4% on the week. Today looks like a relief bounce inside a downtrend until proven otherwise.
Levels I'm watching:
→ $98.14: today's high. Reclaim it and the $100 area is the next fight.
→ $94.78: the 7D average. Losing it puts the $92 lows back in play.
→ $89.86: the weekly floor.
The whole market is green today (BTC +2.1%, ETH +3.9%), so part of this is beta, not SOL-specific strength.
Is this the start of a real reversal, or one more lower high under $100?
Not financial advice.
#Solana #SOL #CryptoAnalysis
Where it stands (Binance spot):
• Price $96.60, +3.25% in 24h
• 24h range $92.47 – $98.14
• Back above the 7D average ($94.78), still under the 20D average (~$100)
• Bounced off a 7D low of $89.86 printed on Nov 4
Volume backs the move: about $235M traded over the last 24h vs a ~$188M daily average for the prior six days, roughly 25% more. The 4h candle that broke the range carried the heaviest volume of the week outside the Oct 29 flush.
Context matters though. A month ago SOL closed at $116.30, so it's still down about 17% on 30 days and about 4% on the week. Today looks like a relief bounce inside a downtrend until proven otherwise.
Levels I'm watching:
→ $98.14: today's high. Reclaim it and the $100 area is the next fight.
→ $94.78: the 7D average. Losing it puts the $92 lows back in play.
→ $89.86: the weekly floor.
The whole market is green today (BTC +2.1%, ETH +3.9%), so part of this is beta, not SOL-specific strength.
Is this the start of a real reversal, or one more lower high under $100?
Not financial advice.
#Solana #SOL #CryptoAnalysis
