🚨 SOL breaks below a key level! Could this be more than just a price pullback?
短线100%胜率策略聊天群
Solana has fallen by about 10% over the past month and is currently hovering around $73.
📉 Technical pressure is clearly evident:
• Fell below the 100-day and 200-day moving averages
• RSI is around 44, with market sentiment on the weak side
• A descending channel continues to form
• Key support to watch: $72 and $70
• If weakness persists, the $66–67 or even the $60 zone is worth keeping an eye on
But interestingly, on-chain fundamentals haven’t deteriorated in parallel.
📊 In July, Solana application revenue reached about $82.9 million; stablecoin supply rose to $15.7 billion; and network transaction activity remains very active.
In other words:
Price is cooling off, but on-chain activity still shows resilience.
🔥 The next thing truly worth watching isn’t just whether SOL can rebound, but whether the gap between “price decline” and “network fundamentals” will continue to widen.
Do you think this time SOL is just a short-term adjustment, or has the trend genuinely started to weaken?
Click the avatar to follow + join the Jiujiu chat group for daily strategies 🚀
#solana #sol
短线100%胜率策略聊天群
Solana has fallen by about 10% over the past month and is currently hovering around $73.
📉 Technical pressure is clearly evident:
• Fell below the 100-day and 200-day moving averages
• RSI is around 44, with market sentiment on the weak side
• A descending channel continues to form
• Key support to watch: $72 and $70
• If weakness persists, the $66–67 or even the $60 zone is worth keeping an eye on
But interestingly, on-chain fundamentals haven’t deteriorated in parallel.
📊 In July, Solana application revenue reached about $82.9 million; stablecoin supply rose to $15.7 billion; and network transaction activity remains very active.
In other words:
Price is cooling off, but on-chain activity still shows resilience.
🔥 The next thing truly worth watching isn’t just whether SOL can rebound, but whether the gap between “price decline” and “network fundamentals” will continue to widen.
Do you think this time SOL is just a short-term adjustment, or has the trend genuinely started to weaken?
Click the avatar to follow + join the Jiujiu chat group for daily strategies 🚀
#solana #sol