$BTC #solana

Market Signals and Technical Analysis

• Price and Volume

• SOL spot price: ~$80.11, down ~5% in 24h

• 24h volume: ~$96.7 million (spot),

~$1.32 billion (contracts)

• Price down ~35% in last 30 days, 70% below all time high ($294 in Jan 2025)

• Price struggles below key resistance at $95-$100, with $80 acting as critical support

• Technical Indicators

• RSI indicates oversold conditions but no clear bullish divergence yet

• Bollinger Bands show price near lower band, indicating selling pressure

• Price below 50-day and 100-day moving averages, both trending downward

• Balanced long/short ratio (~1.01) in derivatives, with recent liquidations on both sides

• Spot inflows recently turned positive (~$7.69 million), suggesting some buying interest after capitulation

Technical Indicators

• RSI indicates oversold conditions but no clear bullish divergence yet

• Bollinger Bands show price near lower band, indicating selling pressure

• Price below 50-day and 100-day moving averages, both trending downward

• Balanced long/short ratio (~1.01) in derivatives, with recent liquidations on both sides

• Spot inflows recently turned positive (~$7.69 million), suggesting some buying interest after capitulation

• Support and Resistance

• Support: $80 (critical), next support zone $75-$78 if $80 fails

• Resistance: $95-$100, descending trendline near $95 limits upside