$SOL is sitting right on a line that could decide its next move. 👀
Price is around $106, down about 62% from the all-time high, and buyers just defended $100 twice in three sessions. That's the good news. The bad news is that spot Solana ETFs have been seeing outflows.
Levels I'm watching:
🔴 $116: broken support, now a ceiling
⚪ $110: reclaim it and the bearish bias fades
🟢 $100: the floor bulls keep defending
⚠️ Lose $100 and I'm watching $97.5 next
Catalyst on my radar: the Alpenglow consensus upgrade is scheduled for main net on October 21, and the Fed meets October 28. Both could bring volatility.
My plan: no chasing. I want a daily close above $110 before I get bullish, and I'll step aside if $100 breaks.
Does SOL hold $100, or does it break? 👇
#sol #solana a #Crypto #cryptotrading #altcoins
Price is around $106, down about 62% from the all-time high, and buyers just defended $100 twice in three sessions. That's the good news. The bad news is that spot Solana ETFs have been seeing outflows.
Levels I'm watching:
🔴 $116: broken support, now a ceiling
⚪ $110: reclaim it and the bearish bias fades
🟢 $100: the floor bulls keep defending
⚠️ Lose $100 and I'm watching $97.5 next
Catalyst on my radar: the Alpenglow consensus upgrade is scheduled for main net on October 21, and the Fed meets October 28. Both could bring volatility.
My plan: no chasing. I want a daily close above $110 before I get bullish, and I'll step aside if $100 breaks.
Does SOL hold $100, or does it break? 👇
#sol #solana a #Crypto #cryptotrading #altcoins