Look at SOL consolidating after a heavier drop. It's floating around $85, and what's catching attention is how the order book is structured — there's quite a bit of buy volume near $78-80, which is currently acting as a solid price stabilizer.



The short-term resistance is around $90-95, and honestly, the momentum is fragile. The price is below the 9/20-period moving averages, suggesting sellers still have control. But the MACD is showing a contraction in the histogram, meaning the downward pressure is losing strength. The RSI has moved out of the overbought territory, so we might be reaching a decision point.

If SOL manages to close above $90 with increasing volume, it opens the door for a move toward $130. But if it drops below that support cluster at $78-80, selling could accelerate quickly. Volatility has been intense in recent weeks, so expect sharp moves when these levels are tested.

What really stabilizes the market is the presence of buy walls near support — big players seem willing to intervene there. On the supply side, resistance is at $92.50 and $95 as well. Personally, I’d keep an eye on these levels as decision points, not fixed predictions. If you’re trading, size your position so that a stop below $78-80 doesn’t break your account, and use a scaled profit plan.

The real price stabilizer comes from on-chain activity and staking — when the network is active and people are staking, technical support gets stronger. Combine that with technical indicators, and it’s easier to read the market. Everything is volatile, but the levels are clear.
SOL1.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin