7.6 SOL : After a rebound, the leading coin hits resistance; the 84 level determines strength



$SOL
Entry: Short near 83-84 stop loss at 85 target 80-78

Resistance at the previous high is clear: the 83-84 range is under double pressure from the previous high and the upper Bollinger Band. Multiple attempts to break through have failed to hold. The combination of trapped longs and profit-taking creates heavy selling pressure, making a direct breakout very difficult. It is likely to first pull back to digest the positions.

The middle band is the lifeline for bulls: the Bollinger middle band has steadily moved up to the 76-77 range, which is the core trend support for this rebound. As long as it is not effectively broken, the strong structure remains. Once broken, it will quickly turn weak in the short term.

Driven mainly by sentiment: this rally is more driven by sector sentiment + oversold repair. There is no heavy fundamental catalyst to support it. Its sustainability depends on the overall market environment. Once the market weakens, SOL's pullback will be larger than that of major coins.
SOL0.19%
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