SOLUSDT is hovering around 76.0 USDT; despite a rebound from the 75 level, it has yet to break past the 76.6–77.4 USDT resistance zone.
Macro factors currently favor a correction scenario. The USD is edging up, Bitcoin remains under pressure near the 63.6K mark, and the crypto market is maintaining a cautious stance ahead of the US CPI data.
On the 1-hour (H1) chart, if SOL continues to face rejection at the 76.6–77.4 range, I lean towards the likelihood of the price retesting 75.0 USDT. The bearish scenario would lose momentum if the price breaks out and holds firmly above 77.4.
Do you think the 77 level will continue to hold the buyers back, or will SOL break out before the CPI release?
Macro factors currently favor a correction scenario. The USD is edging up, Bitcoin remains under pressure near the 63.6K mark, and the crypto market is maintaining a cautious stance ahead of the US CPI data.
On the 1-hour (H1) chart, if SOL continues to face rejection at the 76.6–77.4 range, I lean towards the likelihood of the price retesting 75.0 USDT. The bearish scenario would lose momentum if the price breaks out and holds firmly above 77.4.
Do you think the 77 level will continue to hold the buyers back, or will SOL break out before the CPI release?
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Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+dfxDTk_DRtg4Mzll
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.