Jongbapsy
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Jongbapsy
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📊 The Fundamentals vs. The Price
There’s a clear divergence in Solana right now:
The Network is Strong: The blockchain's internal activity, daily transactions, and protocol revenues continue to show historically solid levels. Plus, institutional inflows into Solana ETFs remain steady.
Price Action is Struggling: At the market level, macro capital is seeking refuge in Bitcoin, which reduces immediate liquidity for altcoins and keeps SOL under pressure.
📉 Key Technical Levels to Watch
🟥 Major Resistance ($87.40 - $88.00): Key level to break in order to invalidate the current bearish structure.
🟥 Immediate Resistance ($85.50 - $86.00): First hurdle where short-term moving averages are located.
🟩 Immediate Support ($82.50): The floor that must hold to avoid a rapid drop.
🟩 Critical Support ($80.00): Major psychological barrier. If this level is breached, we could see sharp declines towards $75.
💡 Market Scenarios
1 Recovery: If the price manages to consolidate closes above $85.70, we could see a quick push towards the major resistance.
2 Bearish Continuation: If selling volume breaks the $82.50 support, an accelerated test towards the $80 zone will be triggered in no time.
⚠️ Tip: Trade with a tight stop-loss and keep a close eye on Bitcoin's dominance, which continues to set the pace for altcoins.
$SOL #solana #BinanceSquareFamily
There’s a clear divergence in Solana right now:
The Network is Strong: The blockchain's internal activity, daily transactions, and protocol revenues continue to show historically solid levels. Plus, institutional inflows into Solana ETFs remain steady.
Price Action is Struggling: At the market level, macro capital is seeking refuge in Bitcoin, which reduces immediate liquidity for altcoins and keeps SOL under pressure.
📉 Key Technical Levels to Watch
🟥 Major Resistance ($87.40 - $88.00): Key level to break in order to invalidate the current bearish structure.
🟥 Immediate Resistance ($85.50 - $86.00): First hurdle where short-term moving averages are located.
🟩 Immediate Support ($82.50): The floor that must hold to avoid a rapid drop.
🟩 Critical Support ($80.00): Major psychological barrier. If this level is breached, we could see sharp declines towards $75.
💡 Market Scenarios
1 Recovery: If the price manages to consolidate closes above $85.70, we could see a quick push towards the major resistance.
2 Bearish Continuation: If selling volume breaks the $82.50 support, an accelerated test towards the $80 zone will be triggered in no time.
⚠️ Tip: Trade with a tight stop-loss and keep a close eye on Bitcoin's dominance, which continues to set the pace for altcoins.
$SOL #solana #BinanceSquareFamily
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