From TradingView · · 40s
SOL/USD Trend Analysis
SOL price stuck below key support as EMA55 holds.
In brief
SOL price stuck below key support as EMA55 holds. SOL/USD price remains below 89.86 swing low with EMA55 at 94.48 acting as resistance. Originally reported by TradingView.
SOL/USD Price Action
SOL trading at 90.65 on 4H with trend bias firmly down.
Support and Resistance Zones
Price pinned in lower half of volatility band with EMA21 at 91.92 and EMA55 at 94.48.
Key Swing Low
Last confirmed swing low at 89.86 remains open just below current price.
Invalidation Points
Bullish reversal requires 4H close above 94.48; bearish reversal needs close below 89.86.
The main idea
SOL/USD price remains below 89.86 swing low with EMA55 at 94.48 acting as resistance.
