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Solana is still bearish under $100
GM,
I know that over the past few weeks, activity on solana:So11111111111111111111111111111111111111112 has picked up due to some memes running, but from a TA perspective, this is still bearish.
First up is the $83 to $85 area, where we have a confluence of resistance from the intersection of the intermediate resistance and the upper trendline of this rising wedge, which is still forming.
But even if we continue above $85, unless buyers flip $100 into weekly support, I will continue looking for shorts after rejections.
Let me know your thoughts, and as usual, I'm happy to debate with anyone 🫡