Is SOL at $84 a Bear Trap or Start of a Deeper Flush?
Solana is hovering around $84.10 after touching a high of $85.24, trying to stabilize above the twenty-hour moving average at $83.07. Momentum remains fragile though, as price action sits capped underneath the fifty-hour moving average at $84.91 with a neutral RSI of 57.3. This is a classic consolidation range where the overhead resistance is heavy and a failure to hold the $81.34 daily low risks triggering a sharper downside flush. Meanwhile, Injective is grinding higher at $8.04 with steady momentum.
Are you holding spot bags through this volatility, or did you already take some off the table?
$SOL $INJ #Bitcoin #CryptoMarket #TradingView
Solana is hovering around $84.10 after touching a high of $85.24, trying to stabilize above the twenty-hour moving average at $83.07. Momentum remains fragile though, as price action sits capped underneath the fifty-hour moving average at $84.91 with a neutral RSI of 57.3. This is a classic consolidation range where the overhead resistance is heavy and a failure to hold the $81.34 daily low risks triggering a sharper downside flush. Meanwhile, Injective is grinding higher at $8.04 with steady momentum.
Are you holding spot bags through this volatility, or did you already take some off the table?
$SOL $INJ #Bitcoin #CryptoMarket #TradingView
