altcoindepth

SOL’s order‑book on Binance has been squeezing tighter around the $99‑$100 zone for the past 12 hours. The depth view shows roughly 1.2 M SOL on the bid side between $98.80 and $99.20, while asks stack at about 1.0 M SOL from $99.30 up to $99.60. That 20 % bid‑ask imbalance suggests sellers are holding back until they see a clearer break above $99.60, where the next resistance cluster sits. Meanwhile, the 24 h volume spike aligns with a modest 0.4 % rise, indicating the market isn’t just drifting – participants are actively testing that ceiling.

If the SOL ask wall holds and volume continues to climb, you might see price nudging upward through $99.60. If it cracks, we could see a short‑term dip back toward $98.80. How are you adjusting your position sizing when you spot such order‑book imbalances?

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