SOL is mirroring ETH’s setup, still above the 200-day SMA, but barely holding its ground at support. The structure shows hesitation rather than conviction. It’s currently retesting the RSI trendline, which will dictate the next move.
If the RSI trendline fails, expect a sharp drop toward $160. If it holds, there’s room for a bounce to the $202 area, but that’s a poor risk-reward setup considering broader market uncertainty.
For now, staying on the sidelines makes more sense until the next decisive move clears the noise.
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$SOL
SOL is mirroring ETH’s setup, still above the 200-day SMA, but barely holding its ground at support. The structure shows hesitation rather than conviction. It’s currently retesting the RSI trendline, which will dictate the next move.
If the RSI trendline fails, expect a sharp drop toward $160. If it holds, there’s room for a bounce to the $202 area, but that’s a poor risk-reward setup considering broader market uncertainty.
For now, staying on the sidelines makes more sense until the next decisive move clears the noise.
#Solana #SOL #Altcoins #ETH #DOGE