Solana (SOL) dey steady near $82 as $95 and $124 key levels dey loom
Solana (SOL) dey trade for around $82 after e don drop about 70% from im high of roughly $295. Recent price action don jam for small range $78–$83, while buyers dey struggle to hold momentum.
Traders dey watch these SOL levels:
- Resistance: $95 na near-term trigger. If price close weekly above $95 e fit trigger short-term relief bounce.
- Trend/major resistance: $124 dey align with 50-week EMA. If weekly closes remain above $124 e important to revive upside momentum.
- Support: $83 must hold. If weekly closes drop below $83 downward pressure fit increase toward about $60.
- Lower support zone: $81.28 down to $71.92–$77.96, wey before fit absorb selling.
Signals and sentiment: Elliott Wave Academy dey point to possible Fibonacci-driven relief rally (50%–61.8%, and 78.6% if buying accelerate), while MCO Global DE call recent swings “noise” and talk say SOL still lack strong directional confirmation. SOL volume rise about 10% in 24 hours to about $3.89B, suggest say selling pressure fit dey increase even as price dey stabilize near $82.
Practical takeaway: treat am as SOL support-vs-resistance setup—watch for reclaim of $95 for improvement, and $124 for higher-timeframe trend shift. (Not investment advice.)
Bearish
Di latest update dey keep di focus on cautious, conditional setup rather than say trend don change confirm. SOL dey steady near $82, but buyers still dey struggle to extend momentum, and volume rise as e stabilise—wey lots time mean say selling pressure dey build. Downside risk clear if SOL no fit hold di $83 weekly support, wit $60 mark as di next area. Meanwhile, di upside case need SOL to reclaim $95 first and then hold above di 50-week EMA near $124 for more durable bullish shift, wey never set yet.