Bitcoin and Ethereum spot ETFs continue to see net outflows, while incremental buying across the broader market has dried up. As a leading token in the public blockchain sector, SOL’s price action is closely tied to overall market sentiment, with little capital support for an independent rally.
Short-Selling Strategy
Entry range: 93.0–94.0
Stop-loss reference: Exit if a solid bullish candle holds above 96.5, invalidating the structural thesis
Take-profit target: First target: 90.0–90.5. A decisive break below the previous low of 90.79 would open up further downside.
Entry rationale: This range is a breakdown consolidation platform in the current decline, a classic case of former support turning into resistance. A large number of short-term buyers are trapped there, so a rebound to this level is likely to meet concentrated selling pressure. Combined with SOL’s high-beta profile and a bearish macro liquidity backdrop, the rebound is likely to be limited, making a pullback under pressure technically plausible.
SOL began a sustained decline from its interim high of 98.49, with high-volume bearish candles driving the price lower as selling momentum was released in a concentrated burst. After reaching a low of 90.79, the price entered a narrow consolidation and recovery phase at low levels. The current rebound lacks volume support, and candlestick bodies are small—typical of weak consolidation during a continuing downtrend. The short-term bearish trend remains dominant, with no clear signs of stabilization or reversal yet.#sol #sol
Short-Selling Strategy
Entry range: 93.0–94.0
Stop-loss reference: Exit if a solid bullish candle holds above 96.5, invalidating the structural thesis
Take-profit target: First target: 90.0–90.5. A decisive break below the previous low of 90.79 would open up further downside.
Entry rationale: This range is a breakdown consolidation platform in the current decline, a classic case of former support turning into resistance. A large number of short-term buyers are trapped there, so a rebound to this level is likely to meet concentrated selling pressure. Combined with SOL’s high-beta profile and a bearish macro liquidity backdrop, the rebound is likely to be limited, making a pullback under pressure technically plausible.
SOL began a sustained decline from its interim high of 98.49, with high-volume bearish candles driving the price lower as selling momentum was released in a concentrated burst. After reaching a low of 90.79, the price entered a narrow consolidation and recovery phase at low levels. The current rebound lacks volume support, and candlestick bodies are small—typical of weak consolidation during a continuing downtrend. The short-term bearish trend remains dominant, with no clear signs of stabilization or reversal yet.#sol #sol
