SOL/USDT: Level $104 — frontline 🛡️📉
Solana continues to test us for strength. The current price is $105.04, and we just touched a local bottom at $104.2.
What the numbers say:
📍 $104.2 — this is where "cleaning" took place today. Weak hands exited, liquidations were collected. The chart clearly shows the candle's tail, which was bought back in a matter of minutes.
📍 $108.4 — our first serious target. As long as we are below, the market is in wait-and-see mode.
📍 Volumes: Sales are fading. This is a classic trap before a reversal or a prolonged sideways movement.
My view: The market is deliberately pressing on psychology. Everyone is waiting for $100 to jump in "cheaply," but the market maker rarely gives the crowd what it wants. I'm looking at the close of the daily candle. If we hold above $105 — this is a bid for a quick bounce to $112.
How about you? Did you manage to pick up on the dip or are you watching from the sidelines? Share your thoughts, let's discuss the movement. 👇