๐ฅ SOL/USDT: $100.40 Is the Level That Matters
SOL is starting to look interesting after bouncing hard from the $97.50 area on the 1H chart.
The recovery is clear, but here's the catch: buyers still have to break $100.40โ$100.50.
Right now SOL is around $99.47, sitting just below that resistance. The recent candles show buyers stepping back in, but the move hasn't yet proved that sellers around $100โ$100.50 are gone.
For me, the clean setup is simple:
1H close above $100.40 + strong volume โ breakout confirmation.
If that happens and $100.40 turns into support, $102 becomes the first level I'd watch, followed by $104 if momentum accelerates.
But I wouldn't chase a wick above resistance. A rejection back below $100 could send SOL back toward $99, while losing $98.65 would weaken the recovery considerably.
Bullish: 58/100
Neutral: 27/100
Bearish: 15/100
Setup: Moderate
The chart is improving, but $100.40 is the gatekeeper. Break it properly, and the next move could get interesting.
