📊 $SOL wicks down to $67.41, then stabilizes: Watching the negative funding rate battle
$SOL is currently trading at $72.56 (-4.13%), after dipping intraday to a new low since June of $67.41. 24-hour trading volume: $430 million.
🔍 Futures signals: Around $69 million in liquidations during this decline, over 97% of them long positions; OI fell 11.4% to $4.21 billion, and the funding rate turned negative. Highly leveraged longs have been flushed out.
📌 Key levels: Support at $67.40–$70.00; resistance at $75.75–$80.00. Watch for a break below the previous low or a short-covering rebound.
#SOL #Solana
For market observation only; this is not investment advice
$SOL is currently trading at $72.56 (-4.13%), after dipping intraday to a new low since June of $67.41. 24-hour trading volume: $430 million.
🔍 Futures signals: Around $69 million in liquidations during this decline, over 97% of them long positions; OI fell 11.4% to $4.21 billion, and the funding rate turned negative. Highly leveraged longs have been flushed out.
📌 Key levels: Support at $67.40–$70.00; resistance at $75.75–$80.00. Watch for a break below the previous low or a short-covering rebound.
#SOL #Solana
For market observation only; this is not investment advice