Solana at a Crossroads: Is the Dip a Trap or a Gift? 🎢
Take a look at the charts—SOL is currently hovering around that crucial $125 mark. We’ve seen a bit of a rollercoaster lately, with a 24h low of $124.20 and a high of $128.78.
The big question everyone is asking: Is this the floor, or are we testing deeper waters? 📉
Looking at the 4-hour candles, there’s some serious tension. We’ve got the MA(7) and MA(25) tightly packed, signaling that a breakout (or breakdown) might be brewing. While the 180-day and 1-year percentages show we’re in a cooling period compared to the previous highs, seasoned traders know that consolidation is often the "quiet before the storm."
With Solana’s ecosystem still pumping out massive transaction volumes and the Alpenglow protocol on the horizon, the fundamentals remain loud even when the price is quiet. Are you stacking more at these levels, or waiting for a clearer signal?
Let’s hear your plays! 👇
