📉 $SOL /USDT: Solana tests key support zone
Current price: $97.17 (-3.85%)
Technical picture: SOL is trading under pressure below the EMA(21) and EMA(50) levels. Right now, the price has moved close to the critically important long-term support line EMA(200) at 96.25.
Capital flows: Sellers dominate across all order categories. The daily net outflow exceeded 161K coins, while the large outflow over 5 days was more than -190K SOL.
Momentum: The RSI(6) indicator is at 25.23 — a strong oversold zone.
Forecast: The decline has dragged on, but SOL has approached a strong psychological support block at $93.20 – $95.80. Buyers are expected to become active from these levels and there may be a local price rebound toward the psychological mark of $100.00 as short positions are closed.
Current price: $97.17 (-3.85%)
Technical picture: SOL is trading under pressure below the EMA(21) and EMA(50) levels. Right now, the price has moved close to the critically important long-term support line EMA(200) at 96.25.
Capital flows: Sellers dominate across all order categories. The daily net outflow exceeded 161K coins, while the large outflow over 5 days was more than -190K SOL.
Momentum: The RSI(6) indicator is at 25.23 — a strong oversold zone.
Forecast: The decline has dragged on, but SOL has approached a strong psychological support block at $93.20 – $95.80. Buyers are expected to become active from these levels and there may be a local price rebound toward the psychological mark of $100.00 as short positions are closed.