SOL short-term bearish 📉 77.92 support is being tested
As of 06:52 Beijing time on November 14, the SOL perpetual contract mark price was 78.29 USDT, down 3.85% over 24 hours. Market data source (https://bykaranteli.com/symbols/SOLUSDT)
OI is approximately $723 million, down 4.1% over 24 hours; the funding rate is +0.0075%/8h. Net aggressive selling in the perpetual market totaled $62.4 million over 24 hours. Reduced positions alongside selling pressure point to a short-term bearish outlook. 1h volume is 1.37 times the average, with an RSI of 30.1; the 4h MACD shows a bullish divergence, so beware of an oversold rebound. Indicator source (https://closedcandle.com/coin/sol)
Over the next 4–24 hours, the price is likely to rebound before retesting 77.92. If it breaks below that level, watch the 77–76 area. Resistance is at 81.34; a high-volume move above and sustained hold there would invalidate the bearish outlook, shifting the rebound target to 85.02.
#SOL #SOLUSDT #Solana #Cryptocurrency
As of 06:52 Beijing time on November 14, the SOL perpetual contract mark price was 78.29 USDT, down 3.85% over 24 hours. Market data source (https://bykaranteli.com/symbols/SOLUSDT)
OI is approximately $723 million, down 4.1% over 24 hours; the funding rate is +0.0075%/8h. Net aggressive selling in the perpetual market totaled $62.4 million over 24 hours. Reduced positions alongside selling pressure point to a short-term bearish outlook. 1h volume is 1.37 times the average, with an RSI of 30.1; the 4h MACD shows a bullish divergence, so beware of an oversold rebound. Indicator source (https://closedcandle.com/coin/sol)
Over the next 4–24 hours, the price is likely to rebound before retesting 77.92. If it breaks below that level, watch the 77–76 area. Resistance is at 81.34; a high-volume move above and sustained hold there would invalidate the bearish outlook, shifting the rebound target to 85.02.
#SOL #SOLUSDT #Solana #Cryptocurrency