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🔥$SOL consolidating, but signs point to a potential bounce.
Volume's dropping during sell-offs (31.3M vs 94.5M), hinting at exhausted selling.
Capital outflows are huge (-134.27M/24H, -967.38M/7D), but shrinking lately, suggesting capitulation.
Price action: #solana Rejected 121.02 weekly low, formed a higher low at 125.81, and just flashed a pin bar, rejecting lower prices. Still in a descending channel from 244.0 high.
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$DOGE consolidating with bearish bias, but spotting some short-term rebound signs.
Price chopping in a range after the drop, still heavy bearish vibe overall, but a few things hinting at possible relief soon.
1. Volume: Recent 4H candles had solid volume on the way down → clear selling pressure. But the latest candle? Volume dropped off noticeably, often means bears are running out of steam.
2. Capital flows: Mixed but leaning negative. Futures saw big net outflow (-57M USDT over 24h), spot also outflow (-3.7M). Short-term (5m-1H) showing tiny inflows though → could stabilize near-term.
⛔ Risk Note: Still in lower highs/lower lows structure on 4H, oversold RSI/BOLL could trigger bounce but break below 0.1225 invalidates and opens deeper drop. {future}(DOGEUSDT)
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🔥$FIL Consolidating, But I'm Spotting Some Bounce Potential
Price is chopping around in a tight range after the drop, overall still bearish vibe, but a few signs are hinting at possible short-term relief.
1. Volume: The sell-off to these lows came on pretty heavy volume (251M vs usual 50M average) → look like some capitulation. But the most recent candle? Volume collapsed to just 29K, which often signals the selling is getting exhausted.
2. Capital flows: Mixed bag here. Futures saw decent inflows over the last 12h (+1.2M), but longer-term (7d) still heavy outflows (-69.2M). Spot markets are net negative across all timeframes → retail demand is pretty weak right now.