Wait, are we really about to see $SOL break the floor here?
The 1h chart on Solana isn't looking too healthy right now. We just saw it dump from that $87 local top and it’s currently struggling to hold the $82.50 level. Looking at the candles, there’s zero aggressive buying happening at this support. It’s just sliding. If we don’t get a quick bounce back above $84 soon, I’m expecting a deeper flush toward the $80 psychological level. Volume is steady but the bears are clearly in control of the tape for the moment. I'm sitting on my hands for a bit. Catching a falling knife here feels risky until we see some actual exhaustion from the sellers.
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Wait, are we really about to see $SOL break the floor here?
The 1h chart on Solana isn't looking too healthy right now. We just saw it dump from that $87 local top and it’s currently struggling to hold the $82.50 level.
Looking at the candles, there’s zero aggressive buying happening at this support. It’s just sliding. If we don’t get a quick bounce back above $84 soon, I’m expecting a deeper flush toward the $80 psychological level. Volume is steady but the bears are clearly in control of the tape for the moment.
I'm sitting on my hands for a bit. Catching a falling knife here feels risky until we see some actual exhaustion from the sellers.
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