$SOL down 7% and testing 92.34: breakout or drop?
$SOL is trading at US$94.49, down 7.21% in 24h.
The RSI is at 33.4 and the EMA20 (99.28) is below the EMA50 (101.1), confirming the downtrend on the 4h chart. The 24h range was 92.34‑103.2, with a volume of US$470 M.
Key support is at 92.34 and resistance at 103.2. If it breaks above 103.2, the bullish scenario is activated; if it falls below 92.34, the bearish bias is confirmed.
On Binance futures, funding is +0.0100% and open interest fell 10.7% in 24h, despite 75% of accounts being long. $SNDKB (-12.0%) and $ENA (-8.6%) are also moving.
Will it break above 103.2 or test 92.34 again? 🟢/🔴
#solana #futures
This is not financial advice. Verify before investing.
$SOL is trading at US$94.49, down 7.21% in 24h.
The RSI is at 33.4 and the EMA20 (99.28) is below the EMA50 (101.1), confirming the downtrend on the 4h chart. The 24h range was 92.34‑103.2, with a volume of US$470 M.
Key support is at 92.34 and resistance at 103.2. If it breaks above 103.2, the bullish scenario is activated; if it falls below 92.34, the bearish bias is confirmed.
On Binance futures, funding is +0.0100% and open interest fell 10.7% in 24h, despite 75% of accounts being long. $SNDKB (-12.0%) and $ENA (-8.6%) are also moving.
Will it break above 103.2 or test 92.34 again? 🟢/🔴
#solana #futures
This is not financial advice. Verify before investing.
