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📊 $SOL 1H UPDATE
💰 Price: $86.76 | Up 1.08% on the day
🕯️ The last closed candle is a bearish red body after price tapped the 24h high at $87.24. That rejection candle tells you sellers showed up right at the top. The current candle at 18:38 is still forming but sitting at $86.75, holding relatively tight.
📈 Structure wise, SOL just completed a clean recovery leg from the $85.90 low printed earlier today around the 13:00 session. Price swept that low, found buyers, and pushed aggressively back toward $87.24 before facing resistance.
🔀 The MA7 at $86.62, MA14 at $86.52 and MA28 at $86.28 are all stacked closely and curling upward together. That alignment is a healthy sign for bulls but price needs to stay above this MA cluster to keep the structure valid.
📉 Volume is coming in at 9.78K on the current candle, sitting below both the MA5 at 12.74K and MA10 at 14.57K. That volume pullback on this red candle is actually constructive. No heavy distribution yet.
🎯 Prices to watch:
⬆️ $87.24 is the key level above. A clean break and hold opens room toward $88.00+
⬇️ $86.23 is the first support. Losing $85.90 flips the structure bearish short term
⚖️ Bias stays cautiously bullish while price holds above the MA cluster. Watch how the next 1H candle closes.
🔔 Not financial advice. DYOR.