$SOL USDT Perpetual 🚀👀
$104.99
Price is recovering from recent lows, but the broader chart trend remains bearish.
The chart shows a decline from above $112 toward $101, followed by a recovery to around $105. Price is near the shorter moving average, while the longer moving average is still sloping downward overhead.
Potential Trading Levels
Potential buy on pullback
$104.00–$104.50
Bullish confirmation
Above $106.00
Stop-loss reference
$103.00
Target 1
$106.00
Target 2
$107.00
Target 3
$108.00
Support and resistance
Level
Price
Resistance 1
$105.50–$106.00
Resistance 2
$107.00
Major resistance
$108.00
Support 1
$104.00
Support 2
$103.00
Major support
$101.00–$102.00
Why these levels matter
Recovery: Buyers have pushed price up from the $101–$103 area.
Moving average: Price is testing the shorter moving average around $105.
Downtrend: The longer moving average remains above price and slopes downward.
Resistance: The $105.50–$106.00 area previously attracted selling pressure.
Trading scenarios
Bullish scenario
A strong 1-hour candle close above $106, followed by a successful retest, could open the way toward $107–$108.
Bearish scenario
If price falls below $104 and fails to recover, it could revisit $103 and potentially $101–$102.
My view: $SOL is attempting a short-term recovery, but the broader trend is not yet convincingly bullish. I would wait for a confirmed break above $106 before considering a bullish setup rather than buying immediately at $104.99.
$104.99
Price is recovering from recent lows, but the broader chart trend remains bearish.
The chart shows a decline from above $112 toward $101, followed by a recovery to around $105. Price is near the shorter moving average, while the longer moving average is still sloping downward overhead.
Potential Trading Levels
Potential buy on pullback
$104.00–$104.50
Bullish confirmation
Above $106.00
Stop-loss reference
$103.00
Target 1
$106.00
Target 2
$107.00
Target 3
$108.00
Support and resistance
Level
Price
Resistance 1
$105.50–$106.00
Resistance 2
$107.00
Major resistance
$108.00
Support 1
$104.00
Support 2
$103.00
Major support
$101.00–$102.00
Why these levels matter
Recovery: Buyers have pushed price up from the $101–$103 area.
Moving average: Price is testing the shorter moving average around $105.
Downtrend: The longer moving average remains above price and slopes downward.
Resistance: The $105.50–$106.00 area previously attracted selling pressure.
Trading scenarios
Bullish scenario
A strong 1-hour candle close above $106, followed by a successful retest, could open the way toward $107–$108.
Bearish scenario
If price falls below $104 and fails to recover, it could revisit $103 and potentially $101–$102.
My view: $SOL is attempting a short-term recovery, but the broader trend is not yet convincingly bullish. I would wait for a confirmed break above $106 before considering a bullish setup rather than buying immediately at $104.99.