$SOL is looking a bit shaky here š
Price just got rejected near the 87ā88 zone and weāre seeing a sharp drop back to 85. That rejection + strong red candle tells me sellers are still in control short-term.
The MA lines are also not helping:
Price is now below MA(7) and MA(25) ā short-term bearish pressure
MA(99) around 85.6 is acting like weak supportā¦ and weāre already slipping under it
Volume spiked on the dump ā thatās not a great sign. It means this move isnāt weakā¦ people are actually selling.
My view: If SOL canāt reclaim 86ā86.5 soon, we could see a retest of 84 zone again.
If 84 breaks cleanly, downside opens more.
For traders: Iām personally not rushing longs here.
Either:
Wait for a reclaim + hold above 86.5 (confirmation), or
Look for quick scalps only, not greedy swings
Catching bottoms in this kind of momentum is riskyā¦ better to let the market show strength first.
Stay patient. Market rewards discipline, not emotions. šš„
#sol #MarketRebound #solanAnalysis #Binance #Write2Earnā¬
