SOLUSDT is currently trading around 76.58 USDT; the H1 candle shows a slight gain of approximately 0.18% as the price retests the 76.60–77.40 resistance zone.
Macro factors favor a corrective scenario, as the crypto market remains cautious ahead of tonight's US CPI release. The USD edged up during the Asian session, while Bitcoin and Ethereum have yet to show a clear "risk-on" sentiment.
From a technical perspective, SOL has faced repeated rejection around the 77 level. If the price fails to break above the 77.0–77.4 range, I lean towards a scenario where selling pressure returns, pushing the price down to retest the 75.00 USDT zone.
Macro factors favor a corrective scenario, as the crypto market remains cautious ahead of tonight's US CPI release. The USD edged up during the Asian session, while Bitcoin and Ethereum have yet to show a clear "risk-on" sentiment.
From a technical perspective, SOL has faced repeated rejection around the 77 level. If the price fails to break above the 77.0–77.4 range, I lean towards a scenario where selling pressure returns, pushing the price down to retest the 75.00 USDT zone.
Trade active
Trade closed: target reached
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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.