Key Levels: Support $1681.89 | Resistance $1717.43
Technical Analysis for $SNDKB : Price sits below EMA9, EMA21 and EMA50, confirming bearish momentum. MACD is deep negative and histogram declines, adding pressure. RSI at 39 hints at oversold conditions, a possible shortterm bounce risk. Orderbook shows a 16.9% bid imbalance, suggesting buying interest may temper moves. Watch for a break below 17151717; a close under 1681.9 would strengthen the short case.
Market Context: BTC is in a shortterm bearish dip (0.35%) despite bullish 4hour and daily trends. Overall market breadth is broadly positive (67% green).
Solana ($SOL ): DeFi Development Corp adds $3M in SOL despite slow buying
Nasdaq‑listed DeFi Development Corp disclosed in its latest SEC filing that it increased its Solana holdings by roughly $3 million, bringing the total to about 2.56 million SOL and equivalent tokens – a 1% rise.
The increase represents roughly half of the prior week’s gain and falls well short of the pace observed in mid‑September, highlighting a slowdown in buying activity for the cryptocurrency.
This modest accumulation suggests that institutional interest in SOL may be tempering, which could influence market liquidity and price dynamics as investors reassess exposure to the Solana ecosystem.