Ever watched a major coin sit right on a round number and wondered if that's a floor or just a pause before the next leg? $SOL is doing exactly that near $90 after a rough week.
The why is mostly flows, not one headline: spot $SOL ETFs saw $71.5M in net outflows in the week of Oct 26-30, and $33.7M in futures liquidations hit in 24h, over 90% of them longs. That's forced selling meeting thin demand.
Numbers: $SOL near $90, up about 0.6% in 24h on $2.69B volume, but still down 26% in 30 days and 69% below its $293 high. $BTC is flat near $75,817, so this is $SOL 's own bruise, not a broad bounce.
I'm watching $88.35, the 24h low. If $SOL holds above $90 and reclaims $91.33, a relief bounce toward $92.69 looks plausible; lose $88.35 and $87.21 is the next stop. Are you treating $90 as a dip to buy, or a level to respect until it proves itself?
#Solana #CryptoMarket #Write2Earn
The why is mostly flows, not one headline: spot $SOL ETFs saw $71.5M in net outflows in the week of Oct 26-30, and $33.7M in futures liquidations hit in 24h, over 90% of them longs. That's forced selling meeting thin demand.
Numbers: $SOL near $90, up about 0.6% in 24h on $2.69B volume, but still down 26% in 30 days and 69% below its $293 high. $BTC is flat near $75,817, so this is $SOL 's own bruise, not a broad bounce.
I'm watching $88.35, the 24h low. If $SOL holds above $90 and reclaims $91.33, a relief bounce toward $92.69 looks plausible; lose $88.35 and $87.21 is the next stop. Are you treating $90 as a dip to buy, or a level to respect until it proves itself?
#Solana #CryptoMarket #Write2Earn