163 touches. That is how many 15m candles have traded into 76.108 on $SOL, and it is still standing.
Price is 76.29, up 0.93% in 24h on 83M USDT of volume. The 4h stack is bullish (9>21>50) and price sits at 77.4% of its 4h range. On the surface, buyers are in control.
76.108 is where $SOL is decided: 163 measured touches, with the 15m volume point of control sitting right on it at 76.121. Lose 75.457, where the 4h chart shows 84 touches, and that read is finished.
Here is the part most people skip. The daily volume point of control is 85.84. The heaviest traded price of this whole range is 12.5% above spot, so every rally upward is selling into trapped supply, not empty air. And this hold is arriving on 0.75x average 15m volume. Price is defending. Participation is not showing up.
$BTC is doing the same thing on a slower clock: tight tape, no expansion. Quiet majors near range highs rarely stay quiet.
Does 76.108 hold a 164th time, or does it finally give?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price is 76.29, up 0.93% in 24h on 83M USDT of volume. The 4h stack is bullish (9>21>50) and price sits at 77.4% of its 4h range. On the surface, buyers are in control.
76.108 is where $SOL is decided: 163 measured touches, with the 15m volume point of control sitting right on it at 76.121. Lose 75.457, where the 4h chart shows 84 touches, and that read is finished.
Here is the part most people skip. The daily volume point of control is 85.84. The heaviest traded price of this whole range is 12.5% above spot, so every rally upward is selling into trapped supply, not empty air. And this hold is arriving on 0.75x average 15m volume. Price is defending. Participation is not showing up.
$BTC is doing the same thing on a slower clock: tight tape, no expansion. Quiet majors near range highs rarely stay quiet.
Does 76.108 hold a 164th time, or does it finally give?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.