๐ฅ $SOL USDC โ Market Analysis ๐ฅ
SOL
78.11
-3.16%
is trading around 78.2 after a strong sell-off from 93.2. Price swept liquidity near 77.4, where some buying pressure appeared, but overall structure on 1H is still bearish.
๐ Key Levels:
โข Support: 77.0 โ 76.5
โข Resistance: 80.5 โ 83.0
๐ After such a sharp drop, a short-term relief bounce is possible if SOL holds above 77. Volume spike during the dump suggests panic selling, which often comes before a temporary bounce.
๐ฏ Possible Long (Short-Term):
โข Entry: 77.5 โ 78.5
โข TP1 (Near): 80.5
โข TP2 (Far): 83.0
โข SL: Below 76.2
โ ๏ธ If 77 breaks, downside toward 74โ72 canโt be ignored.
๐ฌ Dead-cat bounce or more pain?
Share your view ๐