$175.40M volume on a 2.82% drop signals cautious participation.
At $101.61, $SOL trades near its lower recent boundaries while hourly volume sits at 0.82x the 23-hour average. This combination points to cooling momentum rather than aggressive distribution.
A conditional bullish scenario requires reclaiming the $105.24 high on rising volume to invalidate this current weakness. Conversely, dropping beneath the $101.73 range low signals persistent selling pressure.
Will buyers defend the $101.73 low, or does a push back toward $105.24 offer the first sign of trend continuation?
Tap $SOL for the live chart. #SOL #BinanceSquare
At $101.61, $SOL trades near its lower recent boundaries while hourly volume sits at 0.82x the 23-hour average. This combination points to cooling momentum rather than aggressive distribution.
A conditional bullish scenario requires reclaiming the $105.24 high on rising volume to invalidate this current weakness. Conversely, dropping beneath the $101.73 range low signals persistent selling pressure.
Will buyers defend the $101.73 low, or does a push back toward $105.24 offer the first sign of trend continuation?
Tap $SOL for the live chart. #SOL #BinanceSquare