Este artículo también está disponible en español.
In a technical chart shared as we speak, crypto analyst Koroush Khaneghah, Founding father of Zero Complexity Buying and selling, underscores Solana’s ongoing downtrend, highlighting pivotal help and resistance ranges on the SOL/USDT Perpetual (Binance) each day timeframe. In keeping with the chart, Solana has misplaced a number of key zones and is at present hovering close to the $157 space—what Khaneghah labels because the “final main help stage.”
The Bearish Argument For Solana
“The downtrend continues as SOL will get rejected by one other S/R flip and crashes all the way down to the $150 stage. Sentiment at an all-time low. Assume continuation till confirmed in any other case,” Khaneghah writes through X.
A outstanding function of the evaluation is a help/resistance (S/R) flip round $180.58. Earlier in February, Solana tried to reclaim this stage however was met with sturdy promoting stress. The failure to safe a each day shut above $180.58—now performing as resistance—signaled renewed draw back momentum.
Following the drop, Solana has settled simply above $157, marked on the chart because the “Final main help stage.” Costs have briefly dipped under this zone, suggesting fragility available in the market’s present stance. A failure to carry $157 on each day closes will increase the opportunity of additional decline towards the subsequent vital horizontal line round $127.05—seen on the decrease finish of the chart.
Associated Studying
Koroush’s annotations additionally point out that crossing again above $180.58 would shift the market bias from bearish to “impartial.” Till that occurs, the analyst cautions that sellers look like in management, with unfavourable sentiment round meme cash reinforcing the continuing downtrend.
The Bullish Argument For SOL
In the meantime, crypto analyst RunnerXBT (@RunnerXBT) has shared a orderflow evaluation of the Solana (SOL) futures chart (2-hour timeframe on Binance) as we speak. The chart underscores notable worth factors, liquidations, and modifications in positioning forward of the upcoming March 1 unlock—when 11.2 million SOL (valued at roughly $1.77 billion) are scheduled for launch.
Within the annotated chart, the worth peaked in mid-January, reaching $295, earlier than starting a gentle descent that has most just lately seen SOL hovering within the mid-$150 vary. The chart reveals that from early to late January, there was a major drop in open curiosity (OI) alongside a slide within the worth, with Cumulative Quantity Delta (CVD) suggesting it was pushed primarily by lengthy positions closing. RunnerXBT’s notes attribute this to SOL weak spot transferring largely in tandem (1:1) with Bitcoin.
By late January, after a extra pronounced downward transfer, the worth and OI each settled at decrease ranges. OI briefly rebounded in early February, although the chart signifies that preliminary lengthy positioning was quickly adopted by quick overlaying as merchants pivoted to profit-taking or closed shedding quick positions. Regardless of this exercise, SOL’s worth was unable to mount a sustained uptrend, reinforcing a broader sense of hesitancy amongst merchants.
Associated Studying
Round mid-February (February 16–18) and once more on February 24, the chart highlights phases of “aggressive shorting and spot promoting,” which contributed to persistent downward stress on the worth. Although there have been cases of quick overlaying (notably round February 21, the place CVD ticked up barely), the general momentum has remained subdued, with few indicators of latest lengthy accumulation.
On the correct aspect of the chart, RunnerXBT has positioned a vertical crimson line marking March 1 because the date of what he calls the “greatest SOL unlock recognized to mankind.” Many market individuals look like “front-running” the occasion by promoting in anticipation of a flood of latest tokens hitting the market. This has the potential to drive heightened volatility.
But, in his put up, RunnerXBT warns towards shorting SOL at present ranges, explaining that he initially began monitoring this case when the token traded just below $200 and is now looking for a scalp lengthy after the unlock has occurred. He factors out that makes an attempt to catch each 5–10% each day drop are harmful and that merchants who achieve this danger frequent stop-outs or liquidations.
“I dont assume its a clever “new” quick right here of SOL. I began posting concerning the scenario at jus beneath $200 per SOL. I’m in search of a scalp lengthy AFTER the unlock, individuals “frontrunning” it are getting stopped out or liquidated. You aren’t a hero catching -5% to -10% each day falling knives. […] TLDR: On the lookout for longs (not 5 days earlier than unlock). NOT shorts. if individuals can’t learn, i can’t show you how to,” he writes through X.
At press time, SOL traded at $158.
Featured picture from Shutterstock, chart from TradingView.com
