Current Price: $83.83
$SOL is showing early signs of stabilization after a strong corrective move from the $128 high to the $67.50 swing low. The market is currently forming a short-term base above the $77–$78 demand zone, indicating buyers are gradually stepping in. Momentum is shifting from bearish to neutral with potential bullish recovery if resistance levels break with volume confirmation.
📌 Key Support Levels:
$77.80 – $78.00 (Immediate Support / Demand Zone)
$72.00 (Strong Horizontal Support)
$67.50 (Major Swing Low)
🚀 Key Resistance Levels:
$91.20 (Strong 4H Resistance)
$104.60 (Major Breakout Zone)
$118.00 – $128.00 (Mid-term Supply Area)
📊 Trading Scenarios
✅ Bullish Setup:
If $SOL breaks and closes above $91.20 with strong volume, expect momentum toward $104.60. A breakout above $104 opens the door for $118+ targets.
❌ Bearish Risk:
If price loses the $77 support, we may see a drop toward $72 and potentially a retest of $67.50.
🎯 Conclusion:
$SOL is currently in a recovery phase. Smart traders will wait for confirmation above resistance or buy dips near strong support with proper risk management.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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