Just checked the 4-hour chart on Binance for $SOL . We've been consolidating after that solid rebound off the $78 low earlier this April. Buyers managed to push it up toward $90.95 for a quick peak, but the momentum faded before we could break out cleanly above it.
Since then, price has been stuck in a pretty tight range between $83 support and $88 resistance. Every attempt to push higher has been getting rejected. Feels like the market is cooling off after that strong impulsive move. Momentum indicators are showing slowing upside pressure, and the price action is getting more compressed as volatility tightens toward the triangle apex. These setups often lead to a sharp move once we finally break one way or the other.
Just checked the 4-hour chart on Binance for $SOL . We've been consolidating after that solid rebound off the $78 low earlier this April. Buyers managed to push it up toward $90.95 for a quick peak, but the momentum faded before we could break out cleanly above it.
Since then, price has been stuck in a pretty tight range between $83 support and $88 resistance. Every attempt to push higher has been getting rejected.
Feels like the market is cooling off after that strong impulsive move. Momentum indicators are showing slowing upside pressure, and the price action is getting more compressed as volatility tightens toward the triangle apex. These setups often lead to a sharp move once we finally break one way or the other.