$SOL just touched its 200-day line for the first time since August, and nearly every exchange saw long liquidations. The last line is $88.93. 🚨
Price fell about 6.4% on November 5, from $96.97 to around $89, after a Nasdaq chip sell-off dragged crypto lower. Spot SOL ETF flows are flat at zero, and SOL is now below its October levels. 👀
Levels I'm watching:
🟣 $97: November 5 high, rejected, then sold hard
🔴 $93: lost zone, old support, now a ceiling
🟢 $88.93: the 200-day line, bulls must defend it
⚠️ Lose $88 and $78 to $82 opens up
The next fixed date is Breakpoint London on November 15 to 17, though conferences don't guarantee price action.
My plan: no catching the knife. I want a daily close back above $93 before I get bullish, and I'm stepping aside if $88 breaks.
200-day bounce or breakdown? 👇
#SOL #solana #Crypto #cryptotrading #altcoins
@Wise Analyze @BitEagle News @Ismeidy
Price fell about 6.4% on November 5, from $96.97 to around $89, after a Nasdaq chip sell-off dragged crypto lower. Spot SOL ETF flows are flat at zero, and SOL is now below its October levels. 👀
Levels I'm watching:
🟣 $97: November 5 high, rejected, then sold hard
🔴 $93: lost zone, old support, now a ceiling
🟢 $88.93: the 200-day line, bulls must defend it
⚠️ Lose $88 and $78 to $82 opens up
The next fixed date is Breakpoint London on November 15 to 17, though conferences don't guarantee price action.
My plan: no catching the knife. I want a daily close back above $93 before I get bullish, and I'm stepping aside if $88 breaks.
200-day bounce or breakdown? 👇
#SOL #solana #Crypto #cryptotrading #altcoins
@Wise Analyze @BitEagle News @Ismeidy
