Honestly, I didn’t think Solana would have the legs to pull this off today.
Looking at the $SOL daily and we just had a nasty rejection at 87.00 earlier, but the way it's holding 83.83 right now is actually impressive. We’ve been stuck in this choppy range between 79 and 90 for what feels like forever.
The buyers stepped in heavy at that 79.00 support level which created a nice little double bottom look on the shorter timeframes. Volume is decent but nothing to write home about yet.
If we can close the day above 84, I’m looking for a retest of that 89 to 90 zone. If we fail here, we probably head right back down to the 70s to hunt for more liquidity.
Is this a real reversal or just another bull trap before the next leg down?
SOL
97.03
+2.02%