Everyone is calling for a dead cat bounce on $SOL , but the daily chart is whispering something else.
We’ve been stuck in this sideways chop between $80 and $99 for what feels like forever after that massive flush from $148. Right now, the price is sitting at $85.75, right in the middle of no man's land. We just saw a decent green daily candle, up about 6%, but the volume at 375M USDT is still a bit low to confirm a real trend change. If we can actually sustain this momentum and clear the $99 resistance, we might finally see some relief back toward the $110 level. On the flip side, if we lose the $80 support, things could get ugly fast with the next major floor way down at $67. I'm just watching the price action today without forcing any entries. It feels like an accumulation phase, but the market loves to fake people out right here. #GateSquare$50KRedPacketGiveaway
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Everyone is calling for a dead cat bounce on $SOL , but the daily chart is whispering something else.
We’ve been stuck in this sideways chop between $80 and $99 for what feels like forever after that massive flush from $148. Right now, the price is sitting at $85.75, right in the middle of no man's land. We just saw a decent green daily candle, up about 6%, but the volume at 375M USDT is still a bit low to confirm a real trend change.
If we can actually sustain this momentum and clear the $99 resistance, we might finally see some relief back toward the $110 level. On the flip side, if we lose the $80 support, things could get ugly fast with the next major floor way down at $67.
I'm just watching the price action today without forcing any entries. It feels like an accumulation phase, but the market loves to fake people out right here.
#GateSquare$50KRedPacketGiveaway