SOL is now near 94.6. The bullish candle from yesterday that surged to 102.84 has been pushed back down to 94.
First, the conclusion: the money is real, but at this level I won’t chase.
In the past three hours, spot net inflows have piled up to over nine million. Of the 12 capital columns, none have gone green. The active buy side is more than four times the sell side—this isn’t sentiment trading; someone is taking in real gold and silver. Combined with ETF inflows, Solana speeding up, and tokenization news, both the capital and the fundamentals are pointing in the same direction.
But the problem is the position. Price just got hammered from 102 back to 94. The day’s range is close to 20%. RSI has already topped into the overbought zone around 83. On the leverage side, it’s not cooperating either—borrowing rates have dropped by 70% in a day. Leverage that chased higher is retreating rather than adding, and big accounts have also slightly reduced their positions.
In plain terms: the direction is fine, but this rally has already burned through a lot on the way up. Chasing now doesn’t offer a good risk-reward.
My approach is to wait. If there’s a pullback to around 93—around the line where the prior lows can still hold—and the funds keep coming in, then this rebound will have a second breath. If that support can’t be held, then yesterday’s 102 was a short-term emotional top.
#sol $SOL
First, the conclusion: the money is real, but at this level I won’t chase.
In the past three hours, spot net inflows have piled up to over nine million. Of the 12 capital columns, none have gone green. The active buy side is more than four times the sell side—this isn’t sentiment trading; someone is taking in real gold and silver. Combined with ETF inflows, Solana speeding up, and tokenization news, both the capital and the fundamentals are pointing in the same direction.
But the problem is the position. Price just got hammered from 102 back to 94. The day’s range is close to 20%. RSI has already topped into the overbought zone around 83. On the leverage side, it’s not cooperating either—borrowing rates have dropped by 70% in a day. Leverage that chased higher is retreating rather than adding, and big accounts have also slightly reduced their positions.
In plain terms: the direction is fine, but this rally has already burned through a lot on the way up. Chasing now doesn’t offer a good risk-reward.
My approach is to wait. If there’s a pullback to around 93—around the line where the prior lows can still hold—and the funds keep coming in, then this rebound will have a second breath. If that support can’t be held, then yesterday’s 102 was a short-term emotional top.
#sol $SOL