We see that #SOL has stabilized nicely above strong support zones between 81$ and 82$ [finance]. On the 4-hour timeframe, it looks like the RSI indicator is starting to come out of oversold territory, which gives an initial signal for a potential price reversal soon. [1]
🎯 Near-term: We expect a short-term rise to test the first resistance at 85.5$ [finance]. If it breaks through, liquidity will push the price towards $88. [1]
⚠️ Risk management: A break below 81$ with a 4-hour candle close will temporarily invalidate the bullish outlook [finance]. [1]
Share your thoughts in the comments, do you think the current prices are suitable for accumulation or should we wait for a new bottom? 👇
Tags: #SOL #Solana #Crypto #BinanceSquare #TechnicalAnalysis
🎯 Near-term: We expect a short-term rise to test the first resistance at 85.5$ [finance]. If it breaks through, liquidity will push the price towards $88. [1]
⚠️ Risk management: A break below 81$ with a 4-hour candle close will temporarily invalidate the bullish outlook [finance]. [1]
Share your thoughts in the comments, do you think the current prices are suitable for accumulation or should we wait for a new bottom? 👇
Tags: #SOL #Solana #Crypto #BinanceSquare #TechnicalAnalysis