SOL is overall weak today, with prices fluctuating around $87–88, having fallen about 2.5% in the last 24 hours.
It couldn't break above 90, with a low around 86.6, and the trading volume remains high.
Currently, the trend is following the overall market, lacking its own independent movement.
The technical indicators are not looking good, with multiple moving averages forming death crosses and clear bearish signals, creating significant short-term pressure.
Key levels to watch are:
- Support: 86–87; if this level is broken, it is likely to go lower
- Resistance: $90; it needs to regain this level to be considered a short-term strength
Market sentiment is cautious at the moment, with no clear positive news, and the risk is high.
In the short term, it is advisable to watch more and act less, mainly adopting a wait-and-see approach.
⚠️ The above is just a market analysis and does not constitute investment advice.