$SOL is at $90 now, and things got awkward for a while:
The moving-average crowd says the 200-day moving average is right at $90—if it holds, that’s the bottom;
The dip-buyers say Binance holdings rose 9% to 886 million even as they were falling, and 78.6% of accounts are long;
The bears say, “Come on—the annualized funding rate is over 10%, so longs are paying. This is just a queue of people lining up to get rekt.”
Three groups are all watching the same $90. Who’ll blink first tonight?
A Hold above $90 and hop on board with the longs
B Break below $90, the moving average turns into resistance, and the longs all become bagholders
$BTC $ETH
#Solana #SOL #200-day moving average
The moving-average crowd says the 200-day moving average is right at $90—if it holds, that’s the bottom;
The dip-buyers say Binance holdings rose 9% to 886 million even as they were falling, and 78.6% of accounts are long;
The bears say, “Come on—the annualized funding rate is over 10%, so longs are paying. This is just a queue of people lining up to get rekt.”
Three groups are all watching the same $90. Who’ll blink first tonight?
A Hold above $90 and hop on board with the longs
B Break below $90, the moving average turns into resistance, and the longs all become bagholders
$BTC $ETH
#Solana #SOL #200-day moving average
