See original
LIVE
BullishBanter
--
$SOL /USDT – BOUNCE OR BREAKDOWN? SOL TESTS CRITICAL SUPPORT ZONE... $SOL After making good high again down to $220
$SOL is trading at $218.27, showing a modest recovery of 1.62% after touching a 24-hour low at $213.00. Despite the bounce, bearish pressure remains strong, with SOL unable to reclaim the previous high of $228.95. Bulls now face the immediate task of breaking above $221.15 to regain short-term control. Failure to hold support at $217.53 could see SOL dip further toward the next key level at $216.95 or lower.
Short-Term Outlook: Bulls on Thin Ice
On the 15-minute chart, SOL’s price action reflects a downtrend, with recent candlesticks showing weak buying momentum. If buyers push SOL above $221.15, a move toward $225.33 is possible. However, continued rejection at these levels increases the risk of further downside. Traders should monitor volume closely—rising sell pressure below $217.53 could confirm a bearish continuation.
#Write2Earn! #SolanaUSTD #Solana_Blockchain
$SOL is trading at $218.27, showing a modest recovery of 1.62% after touching a 24-hour low at $213.00. Despite the bounce, bearish pressure remains strong, with SOL unable to reclaim the previous high of $228.95. Bulls now face the immediate task of breaking above $221.15 to regain short-term control. Failure to hold support at $217.53 could see SOL dip further toward the next key level at $216.95 or lower.
Short-Term Outlook: Bulls on Thin Ice
On the 15-minute chart, SOL’s price action reflects a downtrend, with recent candlesticks showing weak buying momentum. If buyers push SOL above $221.15, a move toward $225.33 is possible. However, continued rejection at these levels increases the risk of further downside. Traders should monitor volume closely—rising sell pressure below $217.53 could confirm a bearish continuation.
#Write2Earn! #SolanaUSTD #Solana_Blockchain
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0