SOL is testing the 90–94 buy zone near the lower half of the descending channel after weeks of persistent selling.
The broader trend is still bearish, but selling momentum is beginning to slow around this support. If buyers continue defending the zone, a recovery above 98–100 could shift short-term momentum and open the way toward 102–103, followed by the main target near 106.5.
The broader backdrop is becoming slightly less hostile. Binance says withdrawals are stabilizing after last week’s security shock, while oil has eased and market pricing for another Fed hike in December has softened to around 72%. That could give risk assets some room to recover if technical support holds.
The bullish setup weakens if SOL loses 90.
Preferred scenario: hold 90–94 → reclaim 98–100 → 102–103 → 106.5.
The broader trend is still bearish, but selling momentum is beginning to slow around this support. If buyers continue defending the zone, a recovery above 98–100 could shift short-term momentum and open the way toward 102–103, followed by the main target near 106.5.
The broader backdrop is becoming slightly less hostile. Binance says withdrawals are stabilizing after last week’s security shock, while oil has eased and market pricing for another Fed hike in December has softened to around 72%. That could give risk assets some room to recover if technical support holds.
The bullish setup weakens if SOL loses 90.
Preferred scenario: hold 90–94 → reclaim 98–100 → 102–103 → 106.5.
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Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
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