🔥 SOL Just Gave Back Its Momentum — Here’s the Level I’m Watching
Solana just got hit with a sharp pullback.
The chart shows SOL/USDT at $103.42, down 5.24%, after failing to hold the $108–$110 area. Price has now slipped below the visible moving-average cluster, which puts short-term pressure back on buyers.
But here’s what makes this interesting: the fundamentals haven't suddenly disappeared. SOL recently saw a major governance vote aimed at reducing future token issuance, while U.S. spot Solana ETFs recorded $60.91M of inflows on August 27, one of their biggest days since launch. �
CoinMarketCap +1
So right now, the chart and the story are fighting each other.
$104.89–$105.13 is the first area I’d watch for a recovery. Above that, $107.45–$108.06 becomes important.
On the downside, the $101.71 area is the level I don't want to see buyers lose easily.
No clean classical pattern is obvious yet. This looks more like a sharp pullback after a strong run.
Bullish: 35/100
Neutral: 25/100
Bearish: 40/100
Setup: Moderate
Solana just got hit with a sharp pullback.
The chart shows SOL/USDT at $103.42, down 5.24%, after failing to hold the $108–$110 area. Price has now slipped below the visible moving-average cluster, which puts short-term pressure back on buyers.
But here’s what makes this interesting: the fundamentals haven't suddenly disappeared. SOL recently saw a major governance vote aimed at reducing future token issuance, while U.S. spot Solana ETFs recorded $60.91M of inflows on August 27, one of their biggest days since launch. �
CoinMarketCap +1
So right now, the chart and the story are fighting each other.
$104.89–$105.13 is the first area I’d watch for a recovery. Above that, $107.45–$108.06 becomes important.
On the downside, the $101.71 area is the level I don't want to see buyers lose easily.
No clean classical pattern is obvious yet. This looks more like a sharp pullback after a strong run.
Bullish: 35/100
Neutral: 25/100
Bearish: 40/100
Setup: Moderate
