$SOL at 89.06, and the 200-day average at 89.07. The difference between the two figures is one cent, and that is no minor detail—the price is standing at the last line of long-term defense.
What worries me more than the average itself is the combination of ETF outflows totaling more than $163 million over five consecutive weeks
while 78.4% of accounts remain in long positions.
This setup means demand is weakening while crowded positions have not yet been unwound, and any breakdown opens the door to liquidations.
Support: 88.99–87.84; a break below opens the way to 82.83. Resistance is at 91.46, then 92.78.
The Relative Strength Index is at 29.53, in oversold territory,
but being oversold does not mean a rebound is coming, especially with continued fund outflows.
I think the 200-day average is unlikely to hold, because the current pressure is not
temporary. If the price closes above 91.46 as fund outflows slow
This is analysis, not advice.
If you found this post useful, we’d appreciate your support with a like 👍
#SOL #Solana #BinanceSquare
What worries me more than the average itself is the combination of ETF outflows totaling more than $163 million over five consecutive weeks
while 78.4% of accounts remain in long positions.
This setup means demand is weakening while crowded positions have not yet been unwound, and any breakdown opens the door to liquidations.
Support: 88.99–87.84; a break below opens the way to 82.83. Resistance is at 91.46, then 92.78.
The Relative Strength Index is at 29.53, in oversold territory,
but being oversold does not mean a rebound is coming, especially with continued fund outflows.
I think the 200-day average is unlikely to hold, because the current pressure is not
temporary. If the price closes above 91.46 as fund outflows slow
This is analysis, not advice.
If you found this post useful, we’d appreciate your support with a like 👍
#SOL #Solana #BinanceSquare
