$SOL
Support Zone: Price $80.00 - $82.00 is attempting to rebound from the support zone. Previously, a strong support was seen at the level of $77.12.
Moving Averages: Currently, the candles are hovering around MA(7) and MA(25). If the price can close above MA(99) (purple line), which is about $85.32, a bullish momentum can be expected.
Resistance Levels: On the way up, $91.17 and finally $94.05 will act as a significant resistance.
💡 Trading Idea:
If Solana can hold this support, we see a possibility of moving to the $87 - $90 zone in the short term. However, due to market volatility, a stop loss (SL) should definitely be used.
Bullish Condition: Candle closing above $85.50.
Bearish Condition: Dropping below $80.00.
What are your thoughts? Can Solana break $94? Let us know in the comments! 👇
#Solana #SOLv#CryptoAnalysis" #TradingSignals #Binance #TechnicalAnalysis #altcoins