#SOL Update:
The support level continues to be respected. Some may question the brief breakdown below support, but this move clearly reflects manipulation.
According to Richard D. Wyckoff’s textbook methodology, this is known as a “Spring” a temporary loss of support designed to trap sellers, followed by a quick recovery.
In such scenarios, price most often reacts bullishly from the support zone while maintaining structural respect, favoring an upside continuation
SOLUSDT
Prep
124.93
-0.97%