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Did everyone just miss that wick on $SOL or are we pretending it didn't happen?
That dip to 67.50 was a brutal shakeout, but the way it's climbing back is actually impressive.
We are currently sitting at 86.85 and it looks like it's trying to flip this previous breakdown zone into support.
The recovery looks steady but we are approaching some heavy supply near the 89 to 93 area.
If the volume keeps flowing in, we might just breeze through it. But if it loses steam here, I'm expecting a retest of the 80 level to see if the bulls are actually serious about this move.
Keeping a close eye on the 1h candle close to see if this momentum holds up.
#CryptoMarketStructureUpdate