📉 $SOXL Perp holds $100.13 after testing $96.13 support — Will Semiconductor Dip-Buyers trigger a rebound? 🚨

$SOXL is hovering at 100.13 (-3.64%), pulling back from a 24h high of 109.15 down toward an intraday low of 96.13 as high-beta chip perps navigate intense October volatility. Despite a sharp slide from earlier high resistance levels at 169.82 down toward the 78.01 cycle base, aggressive institutional and retail dip-buying inflows have provided strong liquidity, keeping the ETF active near the $100 psychological threshold.

Technically, the daily RSI(6) has reset cleanly to a balanced 50.55, signaling that overbought momentum has completely flushed out without pushing the asset into severe oversold territory.

If buyers defend the 96.00 – 98.00 support floor, a relief recovery toward 110.00+ remains viable, whereas a breach below $96 could expose lower structural levels.

Are you going long on semiconductor perps here or expecting a deeper pullback? Share your outlook below! 👇

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