Current Price: ~$85 | ATH: $294 | Exchange: Binance, Coinbase, Bybit
⚡ THE SETUP
$SOL has been grinding sideways after a brutal drop from $294 ATH. SOL formed a large base between $70–$90 and bounced to $90, now eyeing the $100 breakout level. (CoinCodex) The structure is slowly rebuilding — but it needs a catalyst to pop.
RSI at 43 — neutral, not oversold. 50-day SMA above price, acting as resistance. Weekly timeframe still bearish. (Bitcoin Foundation) Mixed signals. Patience required.
📍 ENTRY ZONE
🟢 Aggressive entry: $83–$87 (current range, hold above $84 is key)
🟢 Safe entry: $75–$79 (stronger base, maximum R:R)
🎯 TARGETS
TP1: $100 — massive psychological level, high-volume breakout needed to hold it (Cryptopolitan)
TP2: $128 — next resistance after $100 clears
TP3: $150 — analysts' 2026 peak target if bull structure kicks in (CoinCodex)
🛑 STOP LOSS
Aggressive: $79
Safe: $70
$84–$85 is the critical support — lose that and $79 opens up fast. (Cryptopolitan)
⚠️ THE KEY WATCH
ETF inflows hit $39.23M last week — highest since February. Futures open interest climbed to $6.4 billion. (Bitcoin Foundation) Institutions are quietly accumulating. Retail hasn't noticed yet — that's usually when the move happens.
The make-or-break: A sustained break above $97–$100 opens the door to $127. Lose $87 support and $79 becomes the next stop. (CoinMarketCap)
#solana #OpenAIToConfidentiallyFileForIPO
