đ SOL/USDT Short-Term Market Outlook (15m Chart Analysis)
Solana ($SOL) is showing early signs of stabilization after a sharp intraday pullback. On the 15-minute timeframe, price is currently trading around $104, holding above the Supertrend support near $102.8, which is a positive signal for short-term bulls.
Earlier, SOL pushed toward the $105.10 resistance, but selling pressure rejected the move, leading to a healthy retracement rather than a breakdown. This kind of price action often indicates profit-taking, not trend reversal. The structure still looks constructive as long as SOL continues to defend the $102â$103 demand zone.
đ Key Technical Levels
Immediate Support: $102.5 â $103.0
Strong Support: $100.2 (24h low area)
Resistance: $105.1 â $106.1
Trend Indicator: Supertrend remains bullish
Volume has cooled after the impulsive move, suggesting the market is waiting for confirmation. A clean break and close above $105 with volume could open the door for a push toward $108â$110 in the short term. On the downside, losing $102 may bring a retest of the $100 psychological level.
đ Market Sentiment
This looks like a classic pullback within an intraday uptrend, not panic selling. Traders should watch volume expansion and candle closes carefully before entering new positions.
â ïž Not financial advice. Always manage risk and confirm with your own analysis.
Whatâs your bias on SOL right now â continuation or deeper pullback? đđ„
