Fund Flow Tracker | SOL: Relative Resilience Amid a Downturn—Can It Hold the Psychological $100 Level?
Opening take: Against the backdrop of a broad pullback in the crypto market, SOL has shown relative resilience. Its three-day decline (-8.0%) was notably smaller than ETH’s (-8.2%) and BTC’s (-5.6%), with clear signs of fund inflows.
Data analysis: Since October 20, SOL has fallen from $108.5 to $99.78, a decline of 8.0%, while trading volume has continued to rise. On October 23, trading volume reached 634,000 SOL, up 33% from the previous day, indicating active buying support at lower levels.
Technical analysis: SOL is currently finding support near the key psychological level of $100. The MACD shows signs of a bullish divergence, while the RSI has fallen to around 35, into oversold territory. If SOL can hold firmly above $100, a rebound may be underway.
Fund flows: On-chain data shows that large wallets have bought a net total of approximately 125,000 SOL over the past three days, while net outflows from exchanges reached 83,000 SOL, suggesting that retail investors are exiting as large holders accumulate.
Conclusion: Short-term bearish sentiment has eased, while the medium-term outlook for the SOL ecosystem remains positive. If SOL can hold the $100 level, it may see a technical rebound, with a target range of $105–$110.
Risk warning: The broader market remains exposed to downside risks. If SOL breaks below support at $95, it could fall further to $85. Invest cautiously; consider building a position in stages.
Opening take: Against the backdrop of a broad pullback in the crypto market, SOL has shown relative resilience. Its three-day decline (-8.0%) was notably smaller than ETH’s (-8.2%) and BTC’s (-5.6%), with clear signs of fund inflows.
Data analysis: Since October 20, SOL has fallen from $108.5 to $99.78, a decline of 8.0%, while trading volume has continued to rise. On October 23, trading volume reached 634,000 SOL, up 33% from the previous day, indicating active buying support at lower levels.
Technical analysis: SOL is currently finding support near the key psychological level of $100. The MACD shows signs of a bullish divergence, while the RSI has fallen to around 35, into oversold territory. If SOL can hold firmly above $100, a rebound may be underway.
Fund flows: On-chain data shows that large wallets have bought a net total of approximately 125,000 SOL over the past three days, while net outflows from exchanges reached 83,000 SOL, suggesting that retail investors are exiting as large holders accumulate.
Conclusion: Short-term bearish sentiment has eased, while the medium-term outlook for the SOL ecosystem remains positive. If SOL can hold the $100 level, it may see a technical rebound, with a target range of $105–$110.
Risk warning: The broader market remains exposed to downside risks. If SOL breaks below support at $95, it could fall further to $85. Invest cautiously; consider building a position in stages.