๐ SOL Update: Price Pulls Back Below $230 Amid Uptober Rally
Solana (SOL) has slipped 3.86% in the past 24h, trading around $225.67, even as broader crypto markets hold bullish momentum.
๐น Key Highlights:
Volume up 31.8%, showing strong selling activity.
Resistance: $238.56 (23.6% Fib)
Support: $230 โ if broken, eyes on $214.84 (61.8% Fib)
RSI: 52.5 โ still room for downside before oversold
MACD: +3.04 โ bullish momentum slowing
7-day SMA: $226.77, now acting as short-term resistance
โ ๏ธ Traders are watching closely as the SEC decision on spot SOL ETFs approaches (expected Oct 10). A break below key support could open the door for deeper corrections before the next bullish leg.
๐ก Good traders manage emotions and plan entries around key levels โ watch $230 for the next move.