$SOL on fire. .....recently dropped sharply from the $74–75 area to around $65–66, showing strong selling pressure.
The latest green candles indicate buyers are trying to defend the $66 support level.
However, the price is still trading below the recent highs, so the short-term trend is not yet bullish.
Key levels
Support: $66.00–$65.00
Resistance: $70.00
Major resistance: $72.00–$74.00
Trading outlook
Bullish scenario: If SOL breaks above $70 with strong volume, it could move toward $72–74.
Bearish scenario: If it falls below $66, the next support could be around $64 or lower.
About the text in the post
The post claims this setup has produced 20–30% rallies in the past. That should be treated as an opinion, not a guarantee. No chart pattern works every time, so it's better to wait for confirmation rather than buy based only on a social media post.
My view
Short-term: Neutral to slightly bullish while above $66, but confirmation is still needed.
Long-term: SOL remains one of the stronger major crypto projects, though it's still affected by overall market sentiment and Bitcoin's direction.
If you're planning to buy SOL, waiting for either:
a confirmed breakout above $70, or
a successful retest and hold of the $66 support,
would generally offer a stronger technical signal than buying solely based on this Note. dyoR
The latest green candles indicate buyers are trying to defend the $66 support level.
However, the price is still trading below the recent highs, so the short-term trend is not yet bullish.
Key levels
Support: $66.00–$65.00
Resistance: $70.00
Major resistance: $72.00–$74.00
Trading outlook
Bullish scenario: If SOL breaks above $70 with strong volume, it could move toward $72–74.
Bearish scenario: If it falls below $66, the next support could be around $64 or lower.
About the text in the post
The post claims this setup has produced 20–30% rallies in the past. That should be treated as an opinion, not a guarantee. No chart pattern works every time, so it's better to wait for confirmation rather than buy based only on a social media post.
My view
Short-term: Neutral to slightly bullish while above $66, but confirmation is still needed.
Long-term: SOL remains one of the stronger major crypto projects, though it's still affected by overall market sentiment and Bitcoin's direction.
If you're planning to buy SOL, waiting for either:
a confirmed breakout above $70, or
a successful retest and hold of the $66 support,
would generally offer a stronger technical signal than buying solely based on this Note. dyoR