SOL Struggles to Hold Above $100 ⚖️
The numbers speak:
· Current price: $103.43 (+2.12%)
· Resistance: $105.70 (Upper Bollinger Band)
· Support: $103.32 (Lower Bollinger Band)
Key indicators:
· Moving Averages: Suggest short-term selling pressure
· MACD Negative: Points to continued correction
· Low Volume: 11.10K vs 17.60K average - weak participation
Critical levels:
· Upside: Above $106.23 opens path to $110
· Downside: Below $101.15 threatens the psychological $100 level
Outlook:
With continued weak volume, the most likely scenario is sideways trading between $103-106$.
Community Question:
Do you consider the $100-105 zone a good buying area for SOL, or are you waiting for a break above $106 or below $101?
SOL
87.14
+0.01%