Is $SOL ‌ finally bottoming out or are we just pausing before another leg down?


The daily chart is looking pretty heavy after that massive drop from the $148 levels. We've been consolidating in a range between roughly $70 and $90 for a few weeks now.
Right now the price is sitting at $80.99. We really need to see it clear that $99 resistance area to get any real momentum back. If we can't hold this $77 level, things could get ugly fast toward that $67 wick low.
Volume is sitting around $351M, which isn't exactly screaming "bull run" yet. The order book is basically a coin flip at 49% buys versus 50% sells, so the market is definitely undecided.
I’m playing it safe and waiting for a breakout on either side of this range before jumping in heavy.
Are you guys accumulated here or do you think there's more pain coming?

#GateSquare$50KRedPacketGiveaway
SOL7,24%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)