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Solana ($SOL ): Critical Support Test
Solana is currently testing a major demand zone after a sharp price drop.
1. Key Price Levels
Support Zone: The price is hugging a long-standing demand cluster between $90 and $91.
Decision Point: The market is currently testing if this dip was a temporary panic-sell or a permanent change in investor sentiment.
2. Market Health Indicators
Active Usage: On-chain data shows an increase in active addresses, suggesting the network is still being used heavily despite the price drop.
Selling Pressure: Exchange inflows are dropping, which means holders are moving coins off exchanges and are less likely to sell immediately.
3. Trading Risks
Macro Pressure: Gains are currently capped because the broader market (BTC and ETH) is still in a "risk-off" consolidation phase.
The Breach Factor: If the $90 level fails to hold, expect a much deeper correction. If it holds, the price is likely to drift higher as sell pressure is absorbed.
The main factor to watch is whether the $90–$91 zone can hold up against new sell orders.
Not a financial advice. DYOR
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