$SOL 115,1 — ranked 2nd in crypto discussion volume on X (15.4%, behind BTC), but the price hit a low of 114.14, its lowest since Sept. 24.
The price fell from 120.7 on the morning of Oct. 7 to 115.1. Open interest dropped 1.4% in 24 hours ($997M → $983M), and funding is near 0. No specific news has been found to explain this drop.
High discussion volume doesn’t mean money is flowing in. More than 2/3 of accounts (68%) are long.
The 4H and 12H timeframes are bearish; the 15m and 1H are only rebounding. Indicators are not in agreement.
Main approach: stay on the sidelines. Reassess when the 4H candle closes outside 114.1–118.7.
Discussion ranks 2nd, yet the price is at a two-week low. Where is the real money?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL
The price fell from 120.7 on the morning of Oct. 7 to 115.1. Open interest dropped 1.4% in 24 hours ($997M → $983M), and funding is near 0. No specific news has been found to explain this drop.
High discussion volume doesn’t mean money is flowing in. More than 2/3 of accounts (68%) are long.
The 4H and 12H timeframes are bearish; the 15m and 1H are only rebounding. Indicators are not in agreement.
Main approach: stay on the sidelines. Reassess when the 4H candle closes outside 114.1–118.7.
Discussion ranks 2nd, yet the price is at a two-week low. Where is the real money?
Personal observation, not a recommendation. Risk 1%; always use a stop-loss.
#SOL #Solana $SOL