Add as a preferred source on GoogleSolana Falls 4.5% as $116 Reversal Level Sits 12% Above Price
A technical scenario makes a move above $116 a condition for a possible $150 medium-term target. A separate Oct. 16 chart reading showed different resistance levels.
Solana (SOL) fell 4.5% over 24 hours to $103.70 on Binance at 1:39 p.m. ET (17:39 UTC) Oct. 22, leaving it needing a gain of about 12% to reach the $116 reversal level.
The technical scenario treats a move above $116 as confirmation of a trend reversal. The same setup makes a $150 medium-term target contingent on clearing that price.
A separate chart reading from Oct. 16 recorded SOL at $106.12 with a neutral bias. It marked resistance at $110.60 and $113.84, followed by trendline resistance at $119.99.
The two readings use separate chart setups, so their levels are distinct technical markers. At the Oct. 22 snapshot, SOL was below all four listed levels.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.