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$SOL :The Line in the Mud and the Hidden Pressure of Pump.fun! 📉🔥
The high-speed giant, Solana
$SOL , is facing a critical test after losing key support levels and hovering around $80.99.
📈 Technical Zones: The ceiling at $87 - $88 acts as a dense wall of resistance packed with leveraged shorts.
🔥 Constant selling pressure! The Pump.fun platform broke its silence and deposited another $8.3 million into
$SOL at Kraken to cover fees. However, the spot market holds strong: institutional funds injected a record $113 million into SOL ETFs this month.
🛠 ... Trading: Breakout or Capitulation scenario. Set alarms at $80; if it drops below, it clears the way for shorts down to $71.92. If the support holds, look for a quick bounce. Manage your risk
#solana #CTRARK