SOL under pressure: will it break 110.7 or fall to 108.7?
$SOL trades at US$109.8, down 0.68% in 24h and 9.7% in 7 days. The range over the last day was 109.0‑110.7.
Technically, the EMA20 is at 111.0, the EMA50 at 114.1, and the 4h trend remains bearish. An RSI of 37.3 indicates selling pressure. Support levels are at 108.7 and 105.7; resistance levels are at 110.7 and 112.1. $STRK (+27.3%) and $NEAR (-0.7%) are also moving.
Binance futures show funding of +0.0051% every 8h, and open interest rose 0.8% in 24h, reaching US$940 M. 71% of accounts are long, suggesting many are betting on a rebound.
Bullish scenario: a clear break above 110.7 would invalidate the bearish pressure and open the way to 112.1. Bearish scenario: falling below 108.7 would break support and trigger a drop toward 105.7. Each level acts as a trigger for the other.
Will it break 110.7 or retest 108.7? 🟢/🔴
#solana #futures
This is not financial advice. Do your research before investing.
$SOL trades at US$109.8, down 0.68% in 24h and 9.7% in 7 days. The range over the last day was 109.0‑110.7.
Technically, the EMA20 is at 111.0, the EMA50 at 114.1, and the 4h trend remains bearish. An RSI of 37.3 indicates selling pressure. Support levels are at 108.7 and 105.7; resistance levels are at 110.7 and 112.1. $STRK (+27.3%) and $NEAR (-0.7%) are also moving.
Binance futures show funding of +0.0051% every 8h, and open interest rose 0.8% in 24h, reaching US$940 M. 71% of accounts are long, suggesting many are betting on a rebound.
Bullish scenario: a clear break above 110.7 would invalidate the bearish pressure and open the way to 112.1. Bearish scenario: falling below 108.7 would break support and trigger a drop toward 105.7. Each level acts as a trigger for the other.
Will it break 110.7 or retest 108.7? 🟢/🔴
#solana #futures
This is not financial advice. Do your research before investing.