$SOL 76. From 79 down to 73.39, then back up. Down 0.7% over 7 days, funding rate 0.004% neutral. Someone is taking the bid at 73.
Candlestick breakdown (4h)
78โ77.18, 300k volume spike then rolled over.
77โ76.41, 330k volume fell through 77.
76โ75.32, 150k volume drifted lower.
75โ74.61, 230k volume smashed down to 74.29.
74.86โ74.77, 450k mega-volume sold off to 73.39 (this roundโs low), 4x average volume. Close pulled back to 74.77 with strong absorption.
74.78โ75.2, 200k volume bounced back to 75.
74.5-75.5 tight range with reduced volume, 80k-120k.
Recently 75.53โ75.96, 260k volume expanded as it broke above 76 and held steady.
Technical indicators
4h: EMA9=75.53, EMA21=75.86. Price is above EMA21; golden cross to be confirmed.
Daily: EMA9=76.33, EMA21=75.86, EMA50=75.73. Three lines are sticking together.
RSI: 4h=58, daily=50. Neutral.
MACD: daily 0.071 / signal 0.561 / histogram -0.489. Bears are leading, but the histogram is narrowing from -0.54, bearish momentum weakening.
Support & resistance
75.86 (EMA21) โ 75.73 (EMA50) โ 73.39 (this roundโs low)
76.57 โ 77.95 โ 79.04 (prior highs where trapped)
Fund flows
24h volume 2.36B, net inflow 92.5M. Open positions: 8.97M SOL. Fear index 28.
Whales & news
In May, a whale withdrew 6.27M SOL from Binance ($446M), the largest single transaction so far this year. On-chain large holders accumulated between 73-75. Solana released updates for Agave and Firedancer in July.
Niniโs plan
Current price 76
Bias: slightly bullish
Wait for confirmation. Donโt chase.
Long: Pull back to 75.5-75.8 to stabilize, enter after a bullish close on the 4h. Stop loss 74.2, target 78, risk-reward 2.8:1. If it breaks and holds above 76.57, trail and chase to 77; stop out at 75.5.
Short: On a rebound, enter on stalled upside with volume expansion around 77.9-78. Stop loss 80, target 75.8, risk-reward 2.4:1.
My take: The three EMA lines are sticking together, and thereโs whale support at the bottom. 73 is a โstrong bottomโ; hold it and grind higher. Slightly bullishโwait for a pullback.
Near the end of the shakeoutโbe patient and wait.
#SOL #Solana #ๅ
ฌ้พ #Firedancer