Solana's current trend is quite tangled, with the daily level forming a standard head and shoulders pattern, and the neckline is in a precarious position. Although on-chain data shows that short-term speculative funds are attempting to bottom-fish, this appears more like a trap for a downward continuation. Currently, the buying pressure is rapidly diminishing, and the net outflow from exchanges has significantly decreased, indicating that the main funds are not in a hurry to enter the market to support prices.
Market judgment is very clear: a bearish trend dominates, and any rebound is a good opportunity to short. Unless the price can strongly reclaim the key resistance area above, it is highly likely to seek new liquidity support downwards. It is recommended to set short positions on rallies, with a focus on the suppression situation at the upper resistance levels; once the key neckline is broken, the downside space will be completely opened, and one should not blindly catch falling knives.
SOLUSDT
Perp
83.95
+2.39%