A trading volume of $290 million. Today, $SOL rose 6.2% to $72.45 amid an overall soft market backdrop.
Fear and Greed Index: 13, in the Extreme Fear range. Most tokens are following the pattern of increasing volume, shrinking prices, and declining. BTC is up only 0.67%, while ETH is up 2%—overall, there isn’t much momentum. $SOL is doing the opposite in this environment: both volume and price have clearly moved up, with the price outperforming BTC. This kind of performance is uncommon when market sentiment is low, indicating that some capital is actively stepping in rather than passively chasing.
Earlier this year, in January, $SOL was still above $200. Over this move, it has fallen 64%. With the FGI dropping to 13, the last time was during the late-2024 wave. After that, $SOL rose from below $100 to around $250, a gain of over 150%. However, likewise, in 2022 when the FGI fell below 10, $SOL continued to decline for three more months, dropping from $40 to $10.
Don’t treat FGI Extreme Fear as a guaranteed bottom-picking signal—it’s only a sentiment reference, not a basis for buying.
What I care more about is today’s $290 million in trading volume. Given today’s overall market sentiment, willing buy pressure suggests that someone is already treating $SOL as a relative counter-trend rebound target. Over the past few months, Solana ecosystem DEX trading volume has consistently been among the top three in the industry. The fundamental support is real, not purely narrative-driven.
In the short term, if $SOL can hold steady above $70, there’s a chance to test the $80–85 range. If it breaks below $68, it will revert to a wait-and-see mode. I haven’t added to my position yet—I’ll wait for a clearer confirmation signal.
Opportunities are waited for, not chased.
Take it slow, it’s okay..
Fear and Greed Index: 13, in the Extreme Fear range. Most tokens are following the pattern of increasing volume, shrinking prices, and declining. BTC is up only 0.67%, while ETH is up 2%—overall, there isn’t much momentum. $SOL is doing the opposite in this environment: both volume and price have clearly moved up, with the price outperforming BTC. This kind of performance is uncommon when market sentiment is low, indicating that some capital is actively stepping in rather than passively chasing.
Earlier this year, in January, $SOL was still above $200. Over this move, it has fallen 64%. With the FGI dropping to 13, the last time was during the late-2024 wave. After that, $SOL rose from below $100 to around $250, a gain of over 150%. However, likewise, in 2022 when the FGI fell below 10, $SOL continued to decline for three more months, dropping from $40 to $10.
Don’t treat FGI Extreme Fear as a guaranteed bottom-picking signal—it’s only a sentiment reference, not a basis for buying.
What I care more about is today’s $290 million in trading volume. Given today’s overall market sentiment, willing buy pressure suggests that someone is already treating $SOL as a relative counter-trend rebound target. Over the past few months, Solana ecosystem DEX trading volume has consistently been among the top three in the industry. The fundamental support is real, not purely narrative-driven.
In the short term, if $SOL can hold steady above $70, there’s a chance to test the $80–85 range. If it breaks below $68, it will revert to a wait-and-see mode. I haven’t added to my position yet—I’ll wait for a clearer confirmation signal.
Opportunities are waited for, not chased.
Take it slow, it’s okay..