Here's what happened when some of the top 30-day volume traders on Solana started warning that the bull run was already over.
Crypto traders keep getting burned by FOMO buying near local tops, especially on fast-moving assets like $SOL, only to watch the price reverse and wipe out gains. Knowing when to actually exit instead of hoping for 108 or 111 is the real challenge.
These high-volume traders pointed out that $SOL already peaked at 105.77 and isn't likely to push toward 108 or 111. The next key zone they flagged is 105.77 to 106.40, where they're planning to look for short opportunities once price reaches it.
This kind of shift from volume leaders often echoes past events on $ETH and $BTC, where similar sentiment flips during rallies led to sharp pullbacks rather than new highs. Competing L1s have followed the same script when volume concentrates at resistance.
What we can learn from this is how these calls from top volume traders can signal a potential short-term top. Treating 105.77 as the bull's end and watching 106.40 for shorts might just save some portfolios this time.
Anyone else seeing this kind of setup developing?
#Solana #CryptoTrading #Altcoins
Crypto traders keep getting burned by FOMO buying near local tops, especially on fast-moving assets like $SOL, only to watch the price reverse and wipe out gains. Knowing when to actually exit instead of hoping for 108 or 111 is the real challenge.
These high-volume traders pointed out that $SOL already peaked at 105.77 and isn't likely to push toward 108 or 111. The next key zone they flagged is 105.77 to 106.40, where they're planning to look for short opportunities once price reaches it.
This kind of shift from volume leaders often echoes past events on $ETH and $BTC, where similar sentiment flips during rallies led to sharp pullbacks rather than new highs. Competing L1s have followed the same script when volume concentrates at resistance.
What we can learn from this is how these calls from top volume traders can signal a potential short-term top. Treating 105.77 as the bull's end and watching 106.40 for shorts might just save some portfolios this time.
Anyone else seeing this kind of setup developing?
#Solana #CryptoTrading #Altcoins
