$SOL Currently trading at $92,29, the price has fallen below the psychological support level of $95 following a wave of long-position liquidations. Capital flow analysis reveals that "whales" have deposited approximately $149 million onto exchanges over the past 10 days; combined with record net outflows from ETFs, this has created significant selling pressure.
Aggressive selling volume has been dominant across multiple recent timeframes.
From a technical perspective, both the KDJ and MACD indicators on the daily chart are signaling a bearish outlook, confirming a short-term downtrend.
Despite positive developments within the ecosystem—such as the "Alpenglow" upgrade and the expansion of Real-World Assets (RWA)—market sentiment remains in the "fear" zone. With institutional selling pressure currently prevailing, a continued decline remains the more likely scenario in the short term.
Trade Setup: Short - SOL 📉
Entry: $92,29
SL: $95,25
TP1: $88,98
TP2: $84,05
TP3: $80,75
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Aggressive selling volume has been dominant across multiple recent timeframes.
From a technical perspective, both the KDJ and MACD indicators on the daily chart are signaling a bearish outlook, confirming a short-term downtrend.
Despite positive developments within the ecosystem—such as the "Alpenglow" upgrade and the expansion of Real-World Assets (RWA)—market sentiment remains in the "fear" zone. With institutional selling pressure currently prevailing, a continued decline remains the more likely scenario in the short term.
Trade Setup: Short - SOL 📉
Entry: $92,29
SL: $95,25
TP1: $88,98
TP2: $84,05
TP3: $80,75
✅ Click here to trade: 👇 #BinanceReopensWithdrawalsForMoreAssets
