The big move is coming but most people are looking the wrong way.
$SOL is hanging around 84.81 and the price action is getting tight. We just bounced off that local bottom near 79.00 and now we're testing the mid-range again.
Looking at the candles we’ve got some decent higher lows forming on the daily but that 89.00 to 90.00 area is acting like a brick wall right now. If we can’t flip that soon the exhaustion might kick in.
The order book is slightly leaning toward the sellers at 56% so there is definitely some resistance to chew through. Volume is sitting at 240M which is okay but we need a real spike to confirm a breakout.
I'm playing it safe until we see how it reacts to this current level. A clean break above 85.50 might open the door to 93.00 but a rejection sends us back to test the 82.00 support.
What’s your move here? Holding or waiting for the dip?
