SI shows a weakening as volume increases; I’m watching trading slow down
This round’s real spotlight is SI’s price falling while trading accelerates at the same time—the sell pressure has moved from the candlesticks to actual executed trades. Here’s the data: Solana Chain Trend Pool rank #7; current price is $0.050603; down 6.74% over the past hour; trading volume is 103,000 stablecoins. Over the past 24 hours, the change is +114.20%; trading volume is 10.946 million stablecoins; liquidity is 1.276 million stablecoins; in the past hour, buy/sell counts are 320/64
Next, there are only two possible paths: trading volume keeps expanding, which would indicate sell pressure is still spreading; or the price bottoms out and trading volume slows down, meaning panic is starting to be absorbed.
Trading view: SI is temporarily bearish—don’t rush into the first leg of the rebound. I only need one condition to invalidate this bearish call: in the next window, the price stops falling and sell pressure slows down. If trading continues to accelerate and liquidity keeps thinning, the risk hasn’t been fully released yet; on the other hand, a drop in volume with price holding steady is the first repair signal.
Do you think this situation will keep spreading, or will it cool down quickly?
#BTC #macro
This round’s real spotlight is SI’s price falling while trading accelerates at the same time—the sell pressure has moved from the candlesticks to actual executed trades. Here’s the data: Solana Chain Trend Pool rank #7; current price is $0.050603; down 6.74% over the past hour; trading volume is 103,000 stablecoins. Over the past 24 hours, the change is +114.20%; trading volume is 10.946 million stablecoins; liquidity is 1.276 million stablecoins; in the past hour, buy/sell counts are 320/64
Next, there are only two possible paths: trading volume keeps expanding, which would indicate sell pressure is still spreading; or the price bottoms out and trading volume slows down, meaning panic is starting to be absorbed.
Trading view: SI is temporarily bearish—don’t rush into the first leg of the rebound. I only need one condition to invalidate this bearish call: in the next window, the price stops falling and sell pressure slows down. If trading continues to accelerate and liquidity keeps thinning, the risk hasn’t been fully released yet; on the other hand, a drop in volume with price holding steady is the first repair signal.
Do you think this situation will keep spreading, or will it cool down quickly?
#BTC #macro
