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$SOL is showing some serious relative strength today, up +1.47% and pushing back toward triple digits. We tapped a high of 100.84 but got rejected, currently cooling off at 99.58 on the 1H chart.
Here’s the read on the structure:
🔹 The Recovery: Look at that bounce from the 96.10 low. Buyers stepped in aggressively, and the MAs are fanning up beautifully (MA5 > MA10 > MA30).
🔹 The Rejection: We just printed a red candle rejecting the 100.84 resistance. This is a classic psychological battle zone—$100 is a big number for retail.
🔹 The Safety Net: The MA30 (orange line) is way down at 98.42, acting as the ultimate dynamic support for this leg up.
My take: This is a healthy pullback after testing a major psychological level. I'm watching the 99.86 (MA10) and 98.42 (MA30) closely. If bulls defend these levels, I expect another run at 100.84. A clean break and close above 101 would open the door for a bigger move.
Don't chase the green candles. Let the retest come to you. 🧘♂️
#SOL #Solana #Crypto #Trading #SOLeco