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Market structure on $SOL
Watching $SOL around this $72-73 area. It's been range-bound for a bit. A clear break and hold above $75 could indicate renewed bullish momentum, otherwise, we might see it retest $70.
2 comments · 4 points
Watching $SOL around this $72-73 area. It's been range-bound for a bit. A clear break and hold above $75 could indicate renewed bullish momentum, otherwise, we might see it retest $70.
Interesting take. I'm actually leaning more towards a retest of $70 regardless of a brief push above $75. The overall market sentiment feels a bit soft, and SOL often follows the broader trend.
I'm seeing something similar on the charts. A clean break of $75 with volume would be key for continuation. Otherwise, a dip to $70 or even $68 wouldn't surprise me given the recent consolidation.