- Solana Rebounds - Key Trading Levels to Watch:

Solana (SOL) experienced a strong rebound today, rising more than 26% from its intraday lows. This kind of movement naturally draws attention, especially after the recent downtrend. Even with today's recovery, it's important to maintain the right perspective – SOL is still down over 26% this week. This rebound is significant, but it doesn't erase the larger decline that traders are reacting to.

When I look at the chart from a technical perspective, the focus now shifts to clearly defined support and resistance zones. These are the most important levels for me as the price stabilizes and attempts to regain some of its gains.

The main resistance level I am watching is $100. This is a key psychological level, and historically, we've seen significant price reactions in this area and around it. Technically, the $100 level has always been a zone where momentum slows down and seller activity increases. If SOL's price returns to this area, I expect a resistance level and a corresponding price response.

On the downside, the primary support level I focus on is the $60 zone. This is another important psychological area, which has previously acted as both support and resistance. In my view, this level represents a critical dividing line for SOL. If the price stays above it, the market will have a foundation for growth. If it fails to hold, risks will increase and volatility could expand rapidly.

To clarify, Solana is a widely followed digital currency that experiences sharp fluctuations in both directions. Therefore, I approach trading it with extreme caution, mindful of its volatility, and emphasize discipline. I don't try to predict outcomes; instead, I let the price react to key levels and rely on technical analysis to make my decisions.

Regardless of the trend, proper risk management is essential. Whether trading cryptocurrencies or stocks, protecting capital comes first. I focus on specific levels, controlled position sizes, and let the market confirm the validity of my analysis rather than imposing it.