Right now, $SOL is still trading under the daily resistance zone, so the bigger picture remains cautious. However, there is one encouraging signal that shouldn't be ignored. The weekly RSI is showing a bullish divergence, which often suggests that selling pressure is fading and buyers could slowly start stepping in.
The most important levels to watch are $79 and $82. The area around $82 is especially significant because of the open drive candle. If price reaches that zone too quickly, it could become a liquidity grab or even a bull trap before the next real move begins.
If SOL can close a full daily candle above $82, the market structure would become much stronger, and the next target around $92 comes into focus. Until that happens, this rally should be treated as a short term recovery inside a higher time frame bearish trend.
On the downside, the $60 region is still a possible long term bottom, but there is no confirmation yet. Patience is important because the market has not fully revealed its direction.
My current view is simple. As long as SOL holds above $72, I remain cautiously bullish in the short term. Crypto rewards patience more than emotion. Stay disciplined, manage your risk, and let the chart confirm the next move instead of chasing hype.
#solana
The most important levels to watch are $79 and $82. The area around $82 is especially significant because of the open drive candle. If price reaches that zone too quickly, it could become a liquidity grab or even a bull trap before the next real move begins.
If SOL can close a full daily candle above $82, the market structure would become much stronger, and the next target around $92 comes into focus. Until that happens, this rally should be treated as a short term recovery inside a higher time frame bearish trend.
On the downside, the $60 region is still a possible long term bottom, but there is no confirmation yet. Patience is important because the market has not fully revealed its direction.
My current view is simple. As long as SOL holds above $72, I remain cautiously bullish in the short term. Crypto rewards patience more than emotion. Stay disciplined, manage your risk, and let the chart confirm the next move instead of chasing hype.
#solana