$SOL is sitting just 1% above its 30-day low, and almost nobody is trading it.
Price: $89.22, down 0.9% on the day. The 24h range was only $88.73 to $90.15, about 1.6% top to bottom. Spot volume over the last 24h came in near $53M, roughly a third of the 7-day daily average (~$157M).
How we got here: SOL fell 6.6% on Nov 5 (daily close $89.33 from $95.61) and printed the monthly low at $88.30. Since Nov 6 it has been boxed in between $88.73 and $91.62. Zoom out and it's 21% below the 30-day high of $113.40.
Levels I'm watching:
• $88.30: the 30-day low. A clean break on real volume opens fresh lows for the month.
• $91.60: top of the 3-day box. Reclaiming it would be the first sign buyers are back.
• $95–96: where the Nov 5 breakdown started.
Low-volume coils near a monthly low tend to resolve with a sharp move, but the direction isn't given. Sunday liquidity is thin, so a fake-out either way is possible before the weekly close.
Do you think $88.30 holds this week?
Not financial advice.
#Solana #SOL #CryptoAnalysis
Price: $89.22, down 0.9% on the day. The 24h range was only $88.73 to $90.15, about 1.6% top to bottom. Spot volume over the last 24h came in near $53M, roughly a third of the 7-day daily average (~$157M).
How we got here: SOL fell 6.6% on Nov 5 (daily close $89.33 from $95.61) and printed the monthly low at $88.30. Since Nov 6 it has been boxed in between $88.73 and $91.62. Zoom out and it's 21% below the 30-day high of $113.40.
Levels I'm watching:
• $88.30: the 30-day low. A clean break on real volume opens fresh lows for the month.
• $91.60: top of the 3-day box. Reclaiming it would be the first sign buyers are back.
• $95–96: where the Nov 5 breakdown started.
Low-volume coils near a monthly low tend to resolve with a sharp move, but the direction isn't given. Sunday liquidity is thin, so a fake-out either way is possible before the weekly close.
Do you think $88.30 holds this week?
Not financial advice.
#Solana #SOL #CryptoAnalysis
