Not sure if everyone is seeing what I’m seeing on $SOL right now.
Solana is putting up a fight after that dip to 82.55 earlier. We had a decent little bounce back toward 87.69 but the momentum kind of fizzled out there. Right now we are sitting at 85.46 and it feels like we’re just hovering in no man's land. The chart shows a bit of a lower high forming on this 1h timeframe which isn't the best look for the bulls. If we can't push back above 86 soon then I’m expecting another visit to that 83 area to see if the support actually holds. Volume is looking pretty average so I’m not expecting any crazy explosive moves just yet. Just watching and waiting for a clear direction.
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Not sure if everyone is seeing what I’m seeing on $SOL right now.
Solana is putting up a fight after that dip to 82.55 earlier. We had a decent little bounce back toward 87.69 but the momentum kind of fizzled out there. Right now we are sitting at 85.46 and it feels like we’re just hovering in no man's land.
The chart shows a bit of a lower high forming on this 1h timeframe which isn't the best look for the bulls. If we can't push back above 86 soon then I’m expecting another visit to that 83 area to see if the support actually holds.
Volume is looking pretty average so I’m not expecting any crazy explosive moves just yet. Just watching and waiting for a clear direction.
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