Why are so many traders worried about $SOL ‌ when the chart is still holding up well?



Despite the recent volatility, the bigger picture has not changed.

Every correction has been met with fresh buying pressure, showing that bulls are still defending the important support zones. That is one of the key reasons the recovery trend remains intact.

The move from the $70 area back toward $74 is another sign that demand is still present. Short term pullbacks and profit taking are a normal part of any market, and so far there is no major reason for concern while the broader support structure remains strong.

The level that matters most is still the $60 support zone. As long as SOL stays above it, the recovery trend remains active and the market can continue building strength for another move higher.

Key Levels

Resistance: $74.50 to $76.00

Support: $70.00 to $71.00

Major Support: $60.00

At the moment, this looks more like a healthy recovery phase than a trend breakdown. Price may continue to move up and down, but the overall structure remains positive while support levels hold.

Patience often pays off during periods like this before the next major move begins. 📈🔥

#HoldUSD1EarnYield #STRC跌破面值11%創上市新低
SOL0.59%
post-image
post-image
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
  • Pinned