$SOL I'm expecting a correction on Solana over the coming weeks or sooner...



We're currently struggling to close above the resistance level at $100. Price has tapped this zone 3 times without breaking through.

This shows there's massive selling pressure at this region.

So where do I think we go from here...

I'm looking for a retracement down to the 0.5 fib level on the weekly around $88, before a push higher to reclaim the highs of $98.

If this move happens, I think we'll have enough buying pressure to eventually push through that $100 barrier.
SOL4.32%
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.
41 views
  • Reward
  • 2
  • 1
  • Share
Comment
Add a comment
Add a comment
RateMigrator
· an hour ago
I also think 100 is facing huge pressure—it failed to break through three times and should pull back.
View OriginalReply0
RiskParfait
· an hour ago
The 88 level is indeed critical. If it holds, it’ll be a golden buying opportunity—but I’m worried it could plunge straight through to 80.
View OriginalReply0
  • Pinned