Alright, real talk.
$SOL was sitting at 148 not too long ago. Then it got absolutely wrecked and bottomed out at 67. Fifty-four percent down. If you were holding bags from the top, you've been through some stuff.
But look at it now $94.44 and climbing. Up 12% this week. Up 12% this month. The 7 day and 25 day moving averages are both sloping up, and price just cleared the 99 day average too. That's not nothing.
The volume is picking up 154M in 24 hours. People are starting to pay attention again. After months of sideways misery between80 and $85, SOL is finally stretching its legs.
Here's my honest take:
The recovery looks solid, but we're still 36% below that 148 high. This isn't a moon mission yet it's more like a patient climbing out of a deep hole. The trend is shifting, which is good. But SOL needs to hold above92-93 and then punch through100 before anyone should get too excited.
If you're already in from lower prices, nice work. If you're thinking about jumping in now, just know you're buying into a recovery, not a breakout. That can work, but manage your risk. This market loves to fake you out.
What I'm watching:
95-100 zone break and hold above this, and I'll get more bullish92 support lose this and we might retest88-$89 Volume needs to stay above $150M to keep this move alive
SOL's ecosystem is still building. DeFi, NFTs, memes it's all there. The tech didn't die when the price crashed. But price and tech don't always move together, so stay sharp.
Where do you think SOL goes from here? Back to 100? Back to148? Or another rug pull waiting to happen?
Not financial advice. Just some dude reading charts and drinking too much coffee.
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