Despite the decline in short-term liquidity, the data "under the microscope" shows a different story for Solana. Hereโs the full analysis and expected scenarios:
๐ The positive side (institutional momentum)
ETF inflows: The entry of 11.45 million dollars reflects the confidence of major investors.
System expansion: The growth of RWA and DePIN projects enhances the real value of the network away from speculation.
Cash flow: A net inflow of funds worth 16.7 million USDT over the past three days.
๐ Technical challenges (short term)
Fear and greed index: at 17 (extreme fear), which calls for caution.
KDJ indicator: Indicates a momentum decline and the beginning of overbought conditions, with pivotal support at 80-81 USDT.
Liquidity: A 50% drop in TVL pressures price stability.
๐ ๏ธ Trading strategy (Trading Plan)
Option one: Long position ๐
If the price stabilizes above the main support areas:
Entry: 80.5 USDT
Take profit: 88.0 USDT
Stop loss: 78.0 USDT
Option two: Short position ๐
If the level of 80 USDT breaks and negativity is confirmed:
Entry: 79.0 USDT
Take profit: 74.5 USDT
Stop loss: 82.5 USDT
โ ๏ธ Alert: The market is currently affected by geopolitical fluctuations and Bitcoin movement. Risk management is the key to success in these circumstances.
What are your expectations for SOL? Will we see $90 soon? Share with us in the comments! ๐
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