London Session Opens to Modest Upside

$SOL extended gains through the European session, trading up 2.10% to $76.36 on $1.27B in 24h volume. The move came as US equity futures stabilized overnight and macro risk sentiment remained constructively bid despite a Fear & Greed reading of 31. $XRP remained anchored at $1.04, showing no directional bias as European traders entered without fresh catalyst material.

The relative strength in $SOL reflects the longer-term structural recovery from the $71 zone tested in recent weeks. Overnight price action did not trigger liquidations in either direction - funding on $SOL perps remains stable and short-term positioning shows no extreme leverage. This is the environment where technical levels matter most: without violent repricing, chart structure becomes the trader's primary tool.

$SOL Resistance and Fibonacci Structure

$SOL is now testing the confluence of two critical resistance zones. The 200-day simple moving average sits near $77.80, while the 0.618 Fibonacci retracement of the recent $67.50 to $80.20 move lands at $75.90 - already breached in this session. Above that, the next logical resistance cluster forms at $78.50 to $79.20.

The structure matters: $SOL has not decisively closed above $78.50 since late November. A break above that level on volume would open the path to $80.20 (the local swing high) and then $82.00. Conversely, if London closes below the $75.50 support, the narrative shifts back to the $73.80 zone where prior session lows congregate.

RSI on the 4-hour chart is reading 58, indicating neither oversold nor overbought conditions. MACD remains positive but the histogram is flattening - a warning that momentum is consolidating rather than accelerating. This is neutral-to-bullish structure: $SOL can grind higher, but absent fresh buyers, range-bound trading between $76 and $78.50 remains the most probable outcome through the London close.

$XRP Trapped in Micro-Range