$SOLV reclaims $0.0045 this week or I’m wrong.
It’s sitting at $0.004290 after a 5.09% 24h drop, and the 4h chart is still down 4.9%. Choppy MAs, RSI at 48, volume basically dead. That’s not strength.
But this is exactly where sellers can run out of fuel. Funding is slightly positive at 0.005%, so longs are paying while price bleeds. I’d want to see $0.0045 reclaimed before getting interested. $SOL has been cleaner, but SOLV is near the lower end of its range.
I’ll own the call. 🔥📉
Would you wait for $0.0045, or fade the bounce?
#SOLV #Crypto #Web3
It’s sitting at $0.004290 after a 5.09% 24h drop, and the 4h chart is still down 4.9%. Choppy MAs, RSI at 48, volume basically dead. That’s not strength.
But this is exactly where sellers can run out of fuel. Funding is slightly positive at 0.005%, so longs are paying while price bleeds. I’d want to see $0.0045 reclaimed before getting interested. $SOL has been cleaner, but SOLV is near the lower end of its range.
I’ll own the call. 🔥📉
Would you wait for $0.0045, or fade the bounce?
#SOLV #Crypto #Web3