$100 Solana (SOL) Target Invalidated: Is It the End of Bull Market?

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Solana failed to break above $100, with SOL briefly trading above $102 before retreating to around $97. The asset remains up approximately 27% over 30 days and 26% over 7 days, staying above its long-term moving average at $89.50. The $100 rejection comes with an RSI at 79, indicating overbought conditions, and roughly $17.51 million in SOL liquidations over a single day. The key level to watch is now $89-$90; a daily close below $89 would expose SOL to a drop toward $84 and then the $78-$80 cluster.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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