Solana just printed quite a nasty wick on the chart. That lower shadow is pretty pronounced - classic market behavior when there's rejection at certain levels. The real question is whether we'll see that gap get filled on the next push up. These kinds of wicks often precede meaningful moves, so keeping a close eye on how SOL responds at these support levels.
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FancyResearchLab
· 8h ago
It's another classic lower shadow pattern; this time SOL has really been pushed back down. The theoretically possible rebound depends on whether it can fill that gap... However, I think we should wait and not rush to be a hero at the support level.
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DeFiCaffeinator
· 8h ago
This wave of SOL's decline is indeed fierce, but it looks a bit like a signal of a rebound.
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GreenCandleCollector
· 8h ago
The wick below the SOL is really fierce, it seems to have some support at the bottom. Let's see if it can rebound and fill the gap.
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BoredApeResistance
· 8h ago
This time it took a pretty hard hit. With a long lower shadow, we have to wait and see if the rebound can hold.
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AirdropFreedom
· 8h ago
Sol has now dipped below the sub, and the long lower shadow looks uncomfortable. However, speaking of which, I've seen this kind of pattern several times before. It all depends on whether it can hold steady above the support level.
Solana just printed quite a nasty wick on the chart. That lower shadow is pretty pronounced - classic market behavior when there's rejection at certain levels. The real question is whether we'll see that gap get filled on the next push up. These kinds of wicks often precede meaningful moves, so keeping a close eye on how SOL responds at these support levels.