#SolanaStrong
Market Structure & Price Action
Trend: SOL is currently in a recovery phase after finding support near $83.90.
Key Signal: A BUY signal recently flashed at the $84.00 level, which has successfully pushed the price to the current $87.44 mark.
Resistance: The immediate hurdle is $87.87. A breakout above this, followed by the major resistance at $90.51, would confirm a strong bullish trend.
2. Critical Levels for Traders
Immediate Resistance: $87.87
Major Resistance (Target): $90.51
Primary Support: $85.88
Stop-Loss (SL) Zone: $83.90 (Below the recent "BUY" signal origin)
3. Indicator Analysis
The EMA Ribbons (green/red lines) show price compression. SOL is currently attempting to flip the ribbons from resistance to support. As long as the price maintains its position above $86.46, the short-term bias remains bullish.
Execution Roadmap
Long Scenario: Enter on a 1-hour candle close above $87.87.
Target: $90.51.
Stop Loss: $85.50.
Bearish Warning: If the price fails to break $87.87 and drops below $85.88, expect a retest of the $84.00 support zone.
Verdict: The chart shows a Bullish Bias but requires a confirmed breakout above $87.87 to minimize "fake-out" risks.