SOLANA ($SOL )
$SOL is currently trading around ~$78–82 (data from major exchanges). Price fluctuates intra-day with mixed short-term signals
🔍 Current Market Structure (Short-Term)
📉 Trend & Momentum
Many technical aggregators show bearish short-term momentum: price is below major moving averages and several sell signals dominate.
📊 Oscillators & Signals
RSI (14) readings near or below 30 imply oversold conditions — if SOL bounces, short-term relief rallies could form.
MACD remains negative in several models, suggesting bearish momentum still prevails unless a cross above the signal line occurs.
📈 Key Technical Levels to Watch Tomorrow
🛑 Resistance Zones
~$89–94: Near recent high-frequency pivot resistance band. Breaking above this with volume could flip short-term bias bullish.
Psychological levels: $90, $95 act as intermediate hurdles before more significant recovery attempts.
📉 Short-Term Scenarios
🐻 Bearish Scenario
If sellers remain dominant:
Price fails to hold $78 support → accelerated downside into $70–$75 zone.
Lower RSI persists, and MACD stays negative.
Bullish Reversal Scenario
If oversold conditions trigger relief:
Bounce from support ~$78–$83 with increased volume.
Break above $90–$94 resistance is key to negating immediate bearish structure.
Momentum shift (MACD crossing higher + RSI rising) supports short-term rally.
Trader strategy here would typically require a confirmed close above key resistance with volume before taking bullish positions.
📊 Trading Outlook: What Traders Are Watching
Key levels for tomorrow:
Support to defend: ~$78, then $75
Resistance to break: ~$90-, then $95–100
A close above $90 with strong volume could suggest a short-term bottom, while a break below $78 may lead to extended bearish pressure.
⚠️ Risk Note: Crypto markets are volatile and influenced by broader market sentiment (e.g., Bitcoin and Ethereum moves). Technical analysis is not financial advice and should be paired with risk management.