📉 After a tough weekend following Trump’s Liberation Day, the crypto market lost over $300B in market cap. But with the start of the US trading session, bulls bounced back—Bitcoin reclaimed $78K and Solana surged past $100, rebounding from a $95 low.
📊 Despite this recovery, SOL remains down over 60% YTD, forming lower highs and lows, signaling bearish dominance. The recent bounce looks promising, but true recovery depends on reclaiming key resistance at $118.
🛡️ Bulls managed to hold support above $100, but bearish pressure still lingers. The Ichimoku Cloud hasn't confirmed a trend reversal, and the RSI rebound remains unvalidated. A confirmed RSI bounce could push SOL higher.
📌 If SOL breaks above $118, it may invalidate bearish momentum. But a failure could drag the price below $80, revisiting 2024 lows. Still, savvy investors are eyeing this dip as a chance to accumulate ahead of the SOL ETF hype later this year.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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