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#SOL
🔥 SOL is it holding above the 20-day moving average⚔
🟢 Bullish scenario (breaking upward)
If SOL's closing price successfully stays above the 20-day moving average, it indicates that the bulls are gaining strength💪
The market is likely to test higher:
First target: $147
There might be some minor resistance around the 50-day moving average at $131.6
But honestly, this level is very likely to be broken through directly by the bulls🔥
Once it stabilizes, market sentiment will significantly improve.
🔴 Bearish scenario (continued decline)
But if SOL falls below and stays below the moving average, don’t get your hopes up,
It means one thing — the bears are still in control😈
Risks below will be amplified:
First support at $109
If this support fails, it may directly test the key support level at $95.8🎯
Staying above the 20-day moving average = continue the rebound
Breaking below the moving average = bearish trend is not over
Now is not the time to rush, but to watch key levels and wait for direction
SOL has reached a crossroads,
The next candlestick could very well be the answer📊