🚀 $SOL : Bears Regain Control After a Failed Recovery Attempt!
After dropping from a local high of $103.85 to a low of $92.34, $SOL attempted a recovery but struggled to maintain its bullish momentum. The price is now trading around $95.82, with sellers putting renewed pressure on the market.
📉 The RSI near 34 signals weakening momentum, approaching oversold territory. Meanwhile, the MACD remains slightly positive in its histogram, but the recovery momentum appears to be fading. A move back above $96.80 to $97.50 could open the door toward $99.00 and potentially $100. On the downside, losing the $94.30 support could bring another test of the $92.34 low.
For now, SOL remains under short-term bearish pressure, with traders watching closely for signs of stabilization or another breakdown.
Will $SOL defend the $92 support zone and recover toward $100, or are sellers preparing another leg down? 👀📊
After dropping from a local high of $103.85 to a low of $92.34, $SOL attempted a recovery but struggled to maintain its bullish momentum. The price is now trading around $95.82, with sellers putting renewed pressure on the market.
📉 The RSI near 34 signals weakening momentum, approaching oversold territory. Meanwhile, the MACD remains slightly positive in its histogram, but the recovery momentum appears to be fading. A move back above $96.80 to $97.50 could open the door toward $99.00 and potentially $100. On the downside, losing the $94.30 support could bring another test of the $92.34 low.
For now, SOL remains under short-term bearish pressure, with traders watching closely for signs of stabilization or another breakdown.
Will $SOL defend the $92 support zone and recover toward $100, or are sellers preparing another leg down? 👀📊
