3 weeks ago
8
Key Takeaways
- SOL is testing overlapping support near $95.
- SOL must reclaim $101-$103 to break out.
- Fed guidance may matter more than the hike.
- Leveraged trading could amplify the next move.
- ETF inflows remain positive but modest.
SOL has reached two forms of support at $95
SOL traded near $97.5 at 13:10 UTC on September 16 after testing the lower boundary of the descending channel visible on the daily chart. That boundary overlaps the 38.2% Fibonacci retracement at approximately $95, measured from the $70 low to the $110 high.
Read Entire Article
English (US)