$SOL SOL/USDT is around $105 and consolidating (latest data: Oct 19). It's down about 13% from the ~$121 early-October high, and I couldn't pull a live Binance quote, so check the exact price on Binance.
Trend: SOL broke below $116 support on Oct 8 with a heavy-volume drop. Since then it has ranged between about $102 and $112.
Support: $100 is the key psychological level, and buyers have defended it twice. Below that, the next support is around $97.6.
Resistance: $110-$112 is the first hurdle, and the 50-day EMA (roughly $107) has capped recent bounces. Above that, $116-$120.
Bias: Neutral to slightly bearish. Price is still above the 200-day EMA (about $87), but momentum is weak (RSI around 41).
A daily close above $112 would point to recovery, while a close below $100 would open the way to the high-$90s.
This is general information, not financial advice, and crypto is very volatile.#EarningsSeason #SkyAISellsAllSOLAndLaunchesCashTenderOffer
Trend: SOL broke below $116 support on Oct 8 with a heavy-volume drop. Since then it has ranged between about $102 and $112.
Support: $100 is the key psychological level, and buyers have defended it twice. Below that, the next support is around $97.6.
Resistance: $110-$112 is the first hurdle, and the 50-day EMA (roughly $107) has capped recent bounces. Above that, $116-$120.
Bias: Neutral to slightly bearish. Price is still above the 200-day EMA (about $87), but momentum is weak (RSI around 41).
A daily close above $112 would point to recovery, while a close below $100 would open the way to the high-$90s.
This is general information, not financial advice, and crypto is very volatile.#EarningsSeason #SkyAISellsAllSOLAndLaunchesCashTenderOffer