SOL bounced — or is it a trap? 👀
$SOL is back near $85 after dipping to $81.34 overnight — up ~2.5% today, but still down ~7% this week and sitting well below its 200-day average near $97.
The levels that matter:
• Support: $80.60, then $75 if that breaks
• Resistance: $90.70, then $92.30
• RSI ~25 — deep oversold territory
Spot SOL ETFs saw $7.7M outflows on Nov 9, so institutions aren't rushing back yet. But oversold bounces in SOL have a habit of surprising everyone.
Question for spot traders: are you buying this dip, or waiting for $75?
Not financial advice. DYOR.
$SOL is back near $85 after dipping to $81.34 overnight — up ~2.5% today, but still down ~7% this week and sitting well below its 200-day average near $97.
The levels that matter:
• Support: $80.60, then $75 if that breaks
• Resistance: $90.70, then $92.30
• RSI ~25 — deep oversold territory
Spot SOL ETFs saw $7.7M outflows on Nov 9, so institutions aren't rushing back yet. But oversold bounces in SOL have a habit of surprising everyone.
Question for spot traders: are you buying this dip, or waiting for $75?
Not financial advice. DYOR.