$SOL is losing the floor I flagged yesterday.
The Nov 10 low at $81.34 was the line. Today Binance printed $80.58 as the low and price is sitting near $81.3 as I write, down about 3.7% on the day. That is roughly 35% under the 120-day high near $125, and Fear & Greed is stuck at 28.
The daily candle hasn't closed yet, so the break isn't confirmed. My plan through Sunday Nov 15:
- Daily close under $81.30 and I'd expect $76–77 (the old August breakout zone) to get tested
- Reclaim and close above $83.90 (today's high) and this was a fakeout, with room back toward $86–87 over the weekend
- I'm wrong on the bearish lean if SOL closes above $86.80 on a daily basis
Bearish while it stays under $83.90 on the daily chart.
#Solana #SOL #CryptoMarket #PricePrediction
NFA
The Nov 10 low at $81.34 was the line. Today Binance printed $80.58 as the low and price is sitting near $81.3 as I write, down about 3.7% on the day. That is roughly 35% under the 120-day high near $125, and Fear & Greed is stuck at 28.
The daily candle hasn't closed yet, so the break isn't confirmed. My plan through Sunday Nov 15:
- Daily close under $81.30 and I'd expect $76–77 (the old August breakout zone) to get tested
- Reclaim and close above $83.90 (today's high) and this was a fakeout, with room back toward $86–87 over the weekend
- I'm wrong on the bearish lean if SOL closes above $86.80 on a daily basis
Bearish while it stays under $83.90 on the daily chart.
#Solana #SOL #CryptoMarket #PricePrediction
NFA
