$SOL is trading at 93.47 (+1.14%) after bouncing off 89.86. On the 1-hour chart, the price is above EMA(21) and EMA(50); on the 4-hour chart, it is near EMA(21) at 93.71; on the daily chart, it is below EMA(200) at 98.07.
Background: After the U.S. election, BTC fell to 75,618, then recouped its losses and returned to 78,000, with altcoins moving alongside it. I couldn't find any recent news about Solana itself today.
According to Binance:
Spot: 24-hour net inflow of +185,572 SOL (about $17.3 million); large orders +54,242 SOL, medium-sized orders +110,388. Over 5 days: +233,968 SOL.
Futures: open interest rose from $864.3 million to $879.1 million (about +1.7%) along with the price. Long/short ratio by accounts: 3.64; top traders by positions: 2.33 — a strong long bias, which poses a squeeze risk. Funding rate: +0.01%, the baseline rate.
1h: price above EMA(21) at 92.83 and EMA(50) at 93.12, below EMA(200) at 96.19. Supertrend is bullish from 90.95; RSI(6) is 66.45.
4h: price near EMA(21) at 93.71, with EMA(50) at 96.11 and Supertrend at 96.18 acting as resistance; RSI(6) is 55.46.
1d: below EMA(200) at 98.07, EMA(21) at 99.95, and EMA(50) at 102.87. RSI(6) is 28.08.
Forecast:
🟢 If the price holds above 93.50, it could move toward 96.15 and 98.10.
🔴 If it falls back below 92.00, there is a risk of retesting 89.86.
My position: waiting for the price to hold above 93.50
SOL: will we break through 96, or return to 90 first?
