🚨 SOLANA IS UNDER PRESSURE — IS $90 THE LINE THAT MATTERS?
Solana is hovering around $91.74, and the bulls are facing a serious test.
📉 SOL has lost roughly 9% over the past week.
💸 U.S. spot Solana ETFs saw around $71.47M in weekly outflows.
⚠️ Price remains below key moving averages, keeping the short-term trend under pressure.
What matters now?
🔻 A break below the $90 area could invite more selling.
🔼 A recovery toward $98–$100 would be an early sign that buyers are returning.
But there is a twist: oversold conditions can trigger a relief bounce. That doesn't automatically mean the downtrend is over.
My view: Cautious until SOL proves it can reclaim resistance.
🐂 Are you buying this dip, or waiting for confirmation?
#SOL #Solana #CryptoMarket #Altcoins #bitcoin
Solana is hovering around $91.74, and the bulls are facing a serious test.
📉 SOL has lost roughly 9% over the past week.
💸 U.S. spot Solana ETFs saw around $71.47M in weekly outflows.
⚠️ Price remains below key moving averages, keeping the short-term trend under pressure.
What matters now?
🔻 A break below the $90 area could invite more selling.
🔼 A recovery toward $98–$100 would be an early sign that buyers are returning.
But there is a twist: oversold conditions can trigger a relief bounce. That doesn't automatically mean the downtrend is over.
My view: Cautious until SOL proves it can reclaim resistance.
🐂 Are you buying this dip, or waiting for confirmation?
#SOL #Solana #CryptoMarket #Altcoins #bitcoin