Overview
- SOL pulled back to about $95 after sellers stopped a push toward the $98 to $100 zone.
- The token trades above its 20-, 50-, and 100-day moving averages, which track average closing prices and can signal trend strength.
- A 20/50-day crossover is nearing, and the Supertrend gauge flipped green for the first time since January, suggesting buyers are gaining ground.
- Risk appetite cooled as Bitcoin fell and tensions between the United States and Iran resurfaced, which pressured altcoins and fueled profit-taking.
- A daily close above $100 would set up a run at the 200-day moving average near $112 to $115, while nearby support sits around $94 and $90 with a stronger floor near $85 to $88 and then $80.