🔥 Crypto open interest drops $3B, triggering $308M in liquidations — $3B open interest drop and $308M in liquidations directly reflects current market stress and price action across BTC/ETH/SOL.
Bhai, the market has a completely different vibe today. Crypto open interest suddenly dropped by $3 billion and there were $308 million in liquidations — meaning leveraged traders got wiped out. This is a signal of stress, and Solana is at the center stage. Now Solana is trading at $94.37, which is right above the pivot at $94.94. RSI is at 77.6 — in the overbought zone — and volume has spiked by 11x. It looks bullish, but remember: when RSI gets this high, the appetite for a correction also becomes stronger.
Look, support is solid at $76.63, but resistance is at $99.1 — that’s where pressure will build. MACD is still bullish, and EMA20/50/200 are all pointing upward. I think if the $94.94 pivot holds, then the path to $99 is clear, but if this pivot breaks, then you could see a return to the $76 support. In 24 hours it’s up +24%, so some profit booking is natural as well.
My view: this rally hasn’t ended yet, but resistance will be tested at $99. If rejection happens there, a short-term pullback is likely. Keep an eye on volume and RSI — if RSI crosses 80, it’ll become even more overbought. Now tell me — will Solana break $99 this week, or will it get hit again at this level? Comment, I’ll be waiting!
#Trading #Binance #Bitcoin #Ethereum #Crypto
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Disclaimer: My personal analysis, not financial advice. DYOR.
Bhai, the market has a completely different vibe today. Crypto open interest suddenly dropped by $3 billion and there were $308 million in liquidations — meaning leveraged traders got wiped out. This is a signal of stress, and Solana is at the center stage. Now Solana is trading at $94.37, which is right above the pivot at $94.94. RSI is at 77.6 — in the overbought zone — and volume has spiked by 11x. It looks bullish, but remember: when RSI gets this high, the appetite for a correction also becomes stronger.
Look, support is solid at $76.63, but resistance is at $99.1 — that’s where pressure will build. MACD is still bullish, and EMA20/50/200 are all pointing upward. I think if the $94.94 pivot holds, then the path to $99 is clear, but if this pivot breaks, then you could see a return to the $76 support. In 24 hours it’s up +24%, so some profit booking is natural as well.
My view: this rally hasn’t ended yet, but resistance will be tested at $99. If rejection happens there, a short-term pullback is likely. Keep an eye on volume and RSI — if RSI crosses 80, it’ll become even more overbought. Now tell me — will Solana break $99 this week, or will it get hit again at this level? Comment, I’ll be waiting!
#Trading #Binance #Bitcoin #Ethereum #Crypto
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Disclaimer: My personal analysis, not financial advice. DYOR.