🔥ALERT $SOL Near $88 — Breakdown or Reversal? ⚡
📊 Fundamental
Market sentiment remains neutral-bearish 😐📉 as SOL struggles to reclaim $100 psychological resistance. Retail fear remains elevated while traders wait for BTC stability before strong altcoin flows return.
📊 24H Market
Price trades around $87–$89 with $4B+ volume 🔥, showing active trading despite weak momentum. Order books show heavy asks near $90, limiting upside. Liquidity magnet sits near $87 support 💰.
📊 1D Structure
Trend remains bearish (LH + LL) 📉 within a descending channel. Major resistance sits near $97, while structural demand lies around $80–$87 💰. Break above $97 would signal momentum shift 🚀.
📊 4H Structure
Price compressing between $86.7 support and $91 resistance. Recent rejection wicks near $91 show supply dominance. Liquidity pools cluster below $87, attracting stop hunts 🧸.
📊 15M Structure
Micro trend still LH/LL 📉 with repeated rejection around $88.5. Scalps favor reclaim $89 → target $91 💱.
📊 Liquidity
Short stops: $91–$97 💰
Long stops: $86–$87 💰
Bias: Short-term bearish until $91 reclaimed.
Traders answer this:
Break above $91 for $97 push 🚀 or sweep $86 liquidity before reversal?
comment your answer.
