$SOL down 6.87% in one day, dropping straight from 101.81 to 92.34. Who wouldn’t feel awful about a fall like that? 😮💨
But I went over the data several times. Trading volume at 4.79 million isn’t the kind of volume you see in panic selling; it looks more like a round of leveraged positions getting liquidated. The 92–93 range was previously a high-volume trading zone, so whether it holds is crucial.
Sentiment in the community is clearly split. Some say it’s heading back to 80, while others are calling it a buying opportunity. Even a few big-name influencers are divided. At times like this, it’s especially important not to get swept up in the emotions. Whale addresses on-chain have made some small additions over the past couple of days, but nothing aggressive.
Put simply, interest in the $SOL ecosystem is still there; it’s just being dragged down by the broader market. In the short term, watch the support at 92. If it breaks, then look to the next level. Don’t rush in to catch a falling knife.
Do you think this is just a shakeout, or a genuine trend reversal? Let’s discuss in the comments 👇
$SOL #行情分析 #On-chainData
But I went over the data several times. Trading volume at 4.79 million isn’t the kind of volume you see in panic selling; it looks more like a round of leveraged positions getting liquidated. The 92–93 range was previously a high-volume trading zone, so whether it holds is crucial.
Sentiment in the community is clearly split. Some say it’s heading back to 80, while others are calling it a buying opportunity. Even a few big-name influencers are divided. At times like this, it’s especially important not to get swept up in the emotions. Whale addresses on-chain have made some small additions over the past couple of days, but nothing aggressive.
Put simply, interest in the $SOL ecosystem is still there; it’s just being dragged down by the broader market. In the short term, watch the support at 92. If it breaks, then look to the next level. Don’t rush in to catch a falling knife.
Do you think this is just a shakeout, or a genuine trend reversal? Let’s discuss in the comments 👇
$SOL #行情分析 #On-chainData