SOL pushed close to $120 yesterday after a strong move from the $110 area, but today's candle has already pulled back toward $116.
The $120 area is the obvious resistance now.
What I like more is what happened underneath the move. SOL reclaimed $110 with strong volume, and DFDV added another 101,381 SOL to its treasury last week, bringing its holdings to roughly 2.49M SOL and SOL equivalents.
There is also fresh institutional flow around Solana ETFs, while SOL perpetual futures start trading on Moscow Exchange today for qualified investors.
So the move has more behind it than just a green candle.
BTC is around $85K-$86K, and the broader market is still supporting the altcoin move.
For SOL, I’m watching $110 now. Holding that area would keep the recent breakout structure intact. Losing it would make today's rejection from $120 more important.
Not financial advice. Do your own research and manage your risk. $SOL
The $120 area is the obvious resistance now.
What I like more is what happened underneath the move. SOL reclaimed $110 with strong volume, and DFDV added another 101,381 SOL to its treasury last week, bringing its holdings to roughly 2.49M SOL and SOL equivalents.
There is also fresh institutional flow around Solana ETFs, while SOL perpetual futures start trading on Moscow Exchange today for qualified investors.
So the move has more behind it than just a green candle.
BTC is around $85K-$86K, and the broader market is still supporting the altcoin move.
For SOL, I’m watching $110 now. Holding that area would keep the recent breakout structure intact. Losing it would make today's rejection from $120 more important.
Not financial advice. Do your own research and manage your risk. $SOL