Everyone is panicking about the market but $SOL is doing something very interesting here.
If you look at the 1D chart, we've finally stopped that aggressive freefall from the $140s. Right now SOL is hugging the $83.95 level and basically moving sideways. It’s like the bears ran out of steam and the bulls are just waiting for a reason to step back in. The $80.00 area is acting like a floor for now. We saw a wick down to $67.50 a few weeks back but it got bought up quickly. As long as we stay above $80, I’m not sweating it too much. Volume is around 5.17M SOL which is decent. We need a solid daily close above $98 to actually confirm a trend shift. Until then, it’s just an accumulation game. I'm keeping my eyes on that $90 resistance.
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Everyone is panicking about the market but $SOL is doing something very interesting here.
If you look at the 1D chart, we've finally stopped that aggressive freefall from the $140s. Right now SOL is hugging the $83.95 level and basically moving sideways. It’s like the bears ran out of steam and the bulls are just waiting for a reason to step back in.
The $80.00 area is acting like a floor for now. We saw a wick down to $67.50 a few weeks back but it got bought up quickly. As long as we stay above $80, I’m not sweating it too much.
Volume is around 5.17M SOL which is decent. We need a solid daily close above $98 to actually confirm a trend shift. Until then, it’s just an accumulation game. I'm keeping my eyes on that $90 resistance.
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