Digital Currency

Add as a preferred source on Google

Solana Needs an Hourly Close Above $102.62 to Extend the Rebound

At the Oct. 26 Binance snapshot, SOL was $102.27. The daily reading placed it above the long-term average and below the medium-term averages, leaving the broader outlook neutral with a bearish tilt.

Updated 1 min read
A single hourly candlestick closes above a marked threshold in a restrained market graphic. / TokenPost.ai (mono)
A single hourly candlestick closes above a marked threshold in a restrained market graphic. / TokenPost.ai (mono)

Solana (SOL) faced a $102.62 hourly close threshold on Oct. 26, a level that would determine whether the chart counted its rebound as extended against a mixed daily reading.

Binance quoted SOL at $102.27 on Oct. 26. An intrahour move above $102.62 would qualify only if the hourly candle settled above that level at the close. The setup turns on the closing price, rather than a brief crossing during the hour.

On the daily timeframe, SOL traded below its medium-term averages and above its long-term average. The broader chart reading was neutral with a bearish lean. That combination contrasts the short-term hourly condition with the mixed positioning on the daily chart.

A prior EconoTimes report on Solana's hourly-close signal covered a separate recovery level of $105.63. The two prices refer to distinct chart tests.

Related articles

View all