Is $SOL finally bottoming out or are we just pausing before another leg down?
The daily chart is looking pretty heavy after that massive drop from the $148 levels. We've been consolidating in a range between roughly $70 and $90 for a few weeks now. Right now the price is sitting at $80.99. We really need to see it clear that $99 resistance area to get any real momentum back. If we can't hold this $77 level, things could get ugly fast toward that $67 wick low. Volume is sitting around $351M, which isn't exactly screaming "bull run" yet. The order book is basically a coin flip at 49% buys versus 50% sells, so the market is definitely undecided. I’m playing it safe and waiting for a breakout on either side of this range before jumping in heavy. Are you guys accumulated here or do you think there's more pain coming?
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Is $SOL finally bottoming out or are we just pausing before another leg down?
The daily chart is looking pretty heavy after that massive drop from the $148 levels. We've been consolidating in a range between roughly $70 and $90 for a few weeks now.
Right now the price is sitting at $80.99. We really need to see it clear that $99 resistance area to get any real momentum back. If we can't hold this $77 level, things could get ugly fast toward that $67 wick low.
Volume is sitting around $351M, which isn't exactly screaming "bull run" yet. The order book is basically a coin flip at 49% buys versus 50% sells, so the market is definitely undecided.
I’m playing it safe and waiting for a breakout on either side of this range before jumping in heavy.
Are you guys accumulated here or do you think there's more pain coming?
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