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$SOL UPDATE ♦️🔴 NEXT MOVE?🔥
SOL spiked to 92.98 and got absolutely rejected — now dumping to 87.14 with -2.22% on the day. That wick tells the whole story. Bears are in control. 👀
🟨 Chart Analysis:
• Long upper wick from 92.98 — pure rejection, sellers waiting at top
• Price crashed back below 87.72 support — bearish signal
• Low volume 319M USDT — no real buying interest on this drop
🟧 Key Levels:
🟢 Support: 87.72 → 85.83 → 83.92
🔴 Resistance: 89.62 → 91.51 → 92.98
Two Scenarios:
🚀 Bullish — Reclaim 87.72 and push above 89.62 = recovery toward 91.51
⚠️ Bearish — Lose 87.72 = next stop 85.83 and possibly 83.92
🟦 Bottom Line:
That 92.98 wick was a trap. SOL needs to reclaim 87.72 fast or the bears take full control. 85.83 is the last line of defense. 🔥
🔴
{future}(SOLUSDT)$SOL