$SOL closes the session consolidating above key support, showing early signs of recovery after finding demand in the $85 area.
đ RSI (14): 47â48 â neutral, with no active bearish pressure and away from oversold.
đ MACD: gaining ground in positive territory, although still below the signal line.
đ Price: above short-term moving averages (EMA 10 and 20), although far from the main averages.
đ Volume: $9.99B in 24h, stable, showing accumulation at support.
đŠ Immediate support: $85.00 (coincides with bullish trend line and Fib 61.8%).
đĽ Resistance: $88.60â$90.00 (constant supply zone and recent rejections).
đ Conclusion:
As long as it maintains support at $85 with volume, the bias is neutral with a tendency to recover. A break above $88.60 with strength could lead the test to $95â$100. However, the major bearish structure would only change by surpassing higher moving averages.
đĽThis is where the next move is decidedđĽ
