$SOL /USDT Update: Is the Bottom In? 🧐
Solana ($SOL) is currently trading at $84.51, showing a slight recovery of +1.10% in the last few hours. After hitting a local low of $81.77 today, bulls are fighting hard to reclaim the $85.00 psychological resistance level.
📊 Technical Snapshot:
Support & Resistance: We just bounced off the $83.97 support zone. The immediate hurdle is the $85.03 local high.
Trend: The 15m chart shows a series of higher lows, suggesting a short-term bullish reversal is trying to form.
Long-term Context: Don't ignore the bigger picture—SOL is down about 33% over the last 30 days. This "shakeout" has brought us into a major accumulation zone for many long-term holders.
💡 Why Keep Your Eyes on Solana?
Despite the recent price correction, the ecosystem is buzzing with fundamental growth:
Firedancer & Alpenglow: Major network upgrades are on the horizon to boost TPS to institutional levels.
Institutional Interest: Big players like WisdomTree and Ondo are expanding their RWA (Real World Asset) offerings right here on Solana.
DePIN Dominance: Projects like Helium and Hivemapper continue to prove that Solana is the go-to chain for real-world utility.
📉 My Take:
If we can flip $85.60 into support on the daily timeframe, we could see a quick rally toward $90. However, a break below $80 might open the door for a test of the $74 level.
What’s your move? 🟢 Buying the dip?
🔴 Waiting for $75?
💬 Let’s discuss in the comments! 👇
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