$SOL /USDT – Oversold Bounce or Further Downside?

Current Price: $97.92 (+0.43%)

24H Performance: -17.85%

Range: $95.26 – $120.18

Market Overview:

SOL has crashed from $120 to sub-$96 levels, tapping into key support. A relief bounce is underway, but with weak momentum—bulls must act fast to avoid deeper losses.

Key Levels:

• Support: $95.00

• Resistance: $101.50 / $105.00

• Breakout Confirmation: Above $106

Trade Idea – Bounce Setup:

• Entry Zone: $97.50 – $98.00

• Targets:

 – TP1: $101.50

 – TP2: $105.00

 – TP3: $108.50

• Stop Loss: $94.80

Quick Insights:

• Heavy sell-off volume—reclaiming $100+ is crucial for bulls

• RSI likely in oversold territory on higher timeframes

• Sharp wick below $96 suggests aggressive dip buying

Pro Tip:

A close above $100 on the 1H/4H could signal a momentum shift. Failure to do so may lead to a bull trap and fresh lows.

Bottom Line:

SOL is at a crossroads—bounce potential is real, but risk remains high. Stay nimble, follow momentum, and always manage risk.

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