While the market yawns, NEAR Protocol has just entered a sprint. Here’s what’s happening on the 1H chart:
Current Price: $1.218
24h Performance: +5.45% 🟢
Status: Break of local resistance.
What’s happening?
We just witnessed a flawless "V" recovery. The most interesting part is that the price has crossed the three moving averages (MA7, MA25, and MA99) with brutal determination. The volume is supporting the movement, validating the strength of the buyers.
Critical Zones:
📍 Immediate ceiling: $1.222 (If we break here, the next level is clear).
📍 Safety support: $1.190 (We shouldn’t close 1H candles below to maintain momentum).
Sentiment: Short-term optimistic. 🚀
Is it a bull trap or the beginning of a larger trend? I read you below. 👇
$SOL : The market gave us a reality check. What's next now? 📉💔
Community, take a look at this chart. The 4-hour candle that just closed on SOL/USDT is painful to see. After an intense struggle to stay in the mid-$82 range, the bears won the battle.
We just saw a -4.56% pullback in the last 24 hours, currently trading at $78.92. But the most concerning part is not just the number, but the shape of the candle: a bearish candle with a large body and a very short upper wick, indicating that there was no buying strength in the recovery attempt. My quick technical analysis based on the image:
Loss of Moving Averages: We have lost both the MA(7) and the MA(25) with this last candle, which will now act as very strong resistances if we attempt to rebound.
Key Support Broken: The $80 level, which we mentioned earlier, has been breached. The next psychological and technical support is very close, at $78.45 (the low of the last 24h). If this level falls, the correction could deepen.
Volume: We see a notable increase in selling volume at the bottom of the chart, confirming the strength of the bearish movement.
At this moment, it is not a time for bearish FOMO or heroic buying. It is time to let the knife stop falling. If there isn't a strong defense at $78.00, my buy orders will be much lower.
Looking at this candle on 4H... Do you think $78.00 will hold or are we going to visit $70? 👇
Mass liquidations at $SOL ? 😱 What just happened! Did anyone else feel that vertigo? 🎢 In just one hour, Solana reminded us why it is the queen of volatility. We saw a sharp movement that shook both longs and shorts. After briefly touching the resistance zone near $86.70, the price pulled back strongly seeking liquidity at lower supports, sweeping away those who were over-leveraged. 🧹
My reading of this "roller coaster":
Stop-Loss Hunt: These wicks are often signals that whales are cleaning the market before defining the real trend for April.
Survival Level: We continue to dance above the psychological support of $80 - $82. As long as we close 1H candles above, there is hope for recovery.
Moments like this demonstrate why we should never trade without a plan. Entering due to FOMO during the rise often ends in "selling in panic" during the drop. I stick to my plan: Patience and eyes on the volume. If the RSI recovers ground in 15 min, we could see an interesting technical bounce.
$SOL : Is consolidation or imminent correction? 📉🚀
Hello community! After closely following Solana's price action, it seems to me a key moment to share my perspective.
Recently, the market has given us interesting opportunities. After entering the range of $81.80 - $82.40, we have seen how the asset attempts to break important resistances. Although I managed to secure some partial profits at $85.60, my current strategy leans towards patience.
My current analysis: Key Support: The level of $81.80 remains a crucial defense zone for the bulls. If we lose it, we could see a visit to lower levels.
Volume: I am monitoring the volume on the 4H timeframes to confirm if there is enough strength to seek new local highs.
Strategy: In this market, it is not about guessing, but about reacting. I keep my price alerts active and my stop-loss adjusted to protect capital.
Are you accumulating more $SOL at these levels, or are you waiting for a deeper correction to enter? I read you in the comments! 👇
#solana waiting for the big bounce, we are here waiting for Solana to reach the desired $100 patience and discipline.. when do you think Solana will reach 100?