🔍 Volume is flat and doesn't support a breakout. Price is compressing between support and resistance, typical of a consolidation phase. The order book shows over 60% supply, tipping the scales towards the bearish side.
⚠️ Scenarios: - Loss of 1.4090 → acceleration towards 1.38 - 1.30 - Break of 1.4529 with volume → possible bounce to 1.46, but no structural change
📌 Strategy: wait for price and volume confirmation. The overall trend remains bearish over 30 to 90 days. Prioritize risk management.
⚠️ What I see on the chart (2h): ❌ Order book: 53% supply vs 47% demand → more sellers ❌ Negative returns across all timeframes (-56% in 180d) ❌ Critical support at 84.48 – about to break
📌 If it loses 84.48 → next support at 80.00 📌 If it bounces → resistance at 88.37 and then 92.00
👉 My approach: wait for confirmation. Without a clear bounce with volume, better to stay on the sidelines. Do you think SOL holds up or drops to 80?
📈 What I'm seeing on the candlestick: ✅ Clear support at 627.71 ✅ Immediate resistance at 654.19 ✅ Order book shows 72% buys – higher demand ✅ Positive weekly trend (+4.15%)
⚠️ Heads up: down 28% over 90 days, but still in the green for the year (+6.97%)
👉 Strategy: if it holds above 627, a potential bounce to 650+ could happen. Losing that support might lead us to the 620 zone.
What do you think? Will BNB break through 654 or drop back down?