Will coin $SOL pass the equilibrium zones test? ๐
The technical chart shown for SOLUSDT on the daily timeframe depicts SOL's movement; the price is currently in a sharp corrective phase, trying to find a technical stability zone after breaking previous support levels.
Here's the technical read on the current scene:
Price Action: The price is trading at $64.85, amid clear selling pressure, as the deviation from moving averages signals the intensity of the recent downtrend.
Pivot Point (PP): Located at $67.50, this area represents the biggest challenge for buyers; reclaiming this level is a crucial first step for any recovery attempt.
Resistance Levels: If momentum is regained and the pivot point is successfully surpassed, bullish targets are set at $75.63, then $88.00, reaching up to $99.67.
Support Levels: The $60.13 level acts as the nearest wall of support, which traders are monitoring for its ability to curb further declines.
In your opinion, do we see SOL managing to hold above the current support and returning to test the pivot point (PP), or are we facing a new phase of price reevaluation? ๐ง
#SOL #Solana #Crypto #Aymonacci #ุงูุนู ูุงุช_ุงูุฑูู ูุฉ
The technical chart shown for SOLUSDT on the daily timeframe depicts SOL's movement; the price is currently in a sharp corrective phase, trying to find a technical stability zone after breaking previous support levels.
Here's the technical read on the current scene:
Price Action: The price is trading at $64.85, amid clear selling pressure, as the deviation from moving averages signals the intensity of the recent downtrend.
Pivot Point (PP): Located at $67.50, this area represents the biggest challenge for buyers; reclaiming this level is a crucial first step for any recovery attempt.
Resistance Levels: If momentum is regained and the pivot point is successfully surpassed, bullish targets are set at $75.63, then $88.00, reaching up to $99.67.
Support Levels: The $60.13 level acts as the nearest wall of support, which traders are monitoring for its ability to curb further declines.
In your opinion, do we see SOL managing to hold above the current support and returning to test the pivot point (PP), or are we facing a new phase of price reevaluation? ๐ง
#SOL #Solana #Crypto #Aymonacci #ุงูุนู ูุงุช_ุงูุฑูู ูุฉ