๐จ SOLANA IS UNDER PRESSURE โ IS $90 THE LINE THAT MATTERS?
Solana is hovering around $91.74, and the bulls are facing a serious test.
๐ SOL has lost roughly 9% over the past week.
๐ธ U.S. spot Solana ETFs saw around $71.47M in weekly outflows.
โ ๏ธ Price remains below key moving averages, keeping the short-term trend under pressure.
What matters now?
๐ป A break below the $90 area could invite more selling.
๐ผ A recovery toward $98โ$100 would be an early sign that buyers are returning.
But there is a twist: oversold conditions can trigger a relief bounce. That doesn't automatically mean the downtrend is over.
My view: Cautious until SOL proves it can reclaim resistance.
๐ Are you buying this dip, or waiting for confirmation?
#SOL #Solana #CryptoMarket #Altcoins #bitcoin
Solana is hovering around $91.74, and the bulls are facing a serious test.
๐ SOL has lost roughly 9% over the past week.
๐ธ U.S. spot Solana ETFs saw around $71.47M in weekly outflows.
โ ๏ธ Price remains below key moving averages, keeping the short-term trend under pressure.
What matters now?
๐ป A break below the $90 area could invite more selling.
๐ผ A recovery toward $98โ$100 would be an early sign that buyers are returning.
But there is a twist: oversold conditions can trigger a relief bounce. That doesn't automatically mean the downtrend is over.
My view: Cautious until SOL proves it can reclaim resistance.
๐ Are you buying this dip, or waiting for confirmation?
#SOL #Solana #CryptoMarket #Altcoins #bitcoin