$SOL $100 Support: The Ultimate "Buy the Dip" or More Pain Ahead? 🛑
Solana is testing the nerves of every trader today! After a massive flush that sent prices toward $101, the $100 psychological level is the only thing standing between us and a deeper correction.
🔍 The Analysis:
The Flush: Over $200M in SOL longs were liquidated on February 1 as market liquidity dried up.
Bullish Divergence: While the price is down, the RSI is showing a bullish divergence on the 14-candle lookback—a classic signal that a reversal could be brewing.
Institutional Faith: Big players are still buying; SOL was the only major altcoin to see net inflows during the recent volatility.
🚀 The Path Forward: If we hold $100 and reclaim $117, the road to $145+ opens up for February. However, a close below $100 could trigger a slide toward $80.
Strategy: Watch for a 4H close above the Parabolic SAR to confirm the
"SAR flip" before entering. High risk, high reward! 🛡️
