$SOL is trading around $119, just under the recent high of 124.95. It broke out of the 95 to 110 range in mid-September and has held its gains since.
On the daily chart, each pullback has found buyers at a higher level than the last. The 116.5 to 118 area is the one to watch. Resistance is 122.8 to 125.
Volume has dropped during this pause, so I wouldn't read much into the current candles. A daily close above 125 would be a new high. A close below 116.5 breaks the pattern of higher lows and opens 113.5.
Anything in between is just a range.
Where do you think SOL goes first, above 125 or below 116?
#solana #CryptoNewss #Binance
On the daily chart, each pullback has found buyers at a higher level than the last. The 116.5 to 118 area is the one to watch. Resistance is 122.8 to 125.
Volume has dropped during this pause, so I wouldn't read much into the current candles. A daily close above 125 would be a new high. A close below 116.5 breaks the pattern of higher lows and opens 113.5.
Anything in between is just a range.
Where do you think SOL goes first, above 125 or below 116?
#solana #CryptoNewss #Binance