📊 $SOL Market Analysis
SOL is currently trading at 79.05, showing a bearish structure with price trading below key moving averages.
79.05
-1.57%
🔹 Market Structure:
· Trading below MA25 (79.28) and MA99 (82.24)
· Lower highs formation
· Sellers maintaining short-term control
📌 Key Levels:
Support:
· 78.71 – MA7 support
· 76.54 – Immediate support
· 76.25 – Next support zone
Resistance:
· 79.28 – MA25 resistance
· 81.11 – Short-term resistance
· 82.73 – Major resistance
· 84.35 – Key resistance
🎯 Take Profit (Short-Term):
· TP1: 78.70
· TP2: 76.54
· TP3: 76.25
📉 Order Book Sentiment:
· Bid: 48.13%
· Ask: 51.87%
→ Slightly more sellers active
As long as SOL stays below 79.30, downside pressure may continue. A break above 81.11 could signal a potential reversal.
Trade carefully and always manage your risk.