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Solana continues to show strong selling pressure in recent days. I looked at the daily chart and the price is around $85,44, down 3,29% over the last 24 hours. What stands out is that the Parabolic SAR is well above the current price (, at $91,19), maintaining a clearly defined bearish signal. Meanwhile, the Awesome Oscillator remains negative at -15,498, although the red bars have started turning green, suggesting that the downside momentum is losing strength.
The volume is $64,25 million over 24 hours, showing trader participation even with this pullback. Looking at the futures flows, something interesting is happening: in the short periods (1-4 hours), flows are positive, but when you expand to 12 hours, 24 hours, and beyond, the pressure turns negative. This suggests that some people are trying to buy in the short term, but larger sellers are controlling the situation over the longer periods.
For Solana to reverse this scenario, the SAR would need to fall below the price, which would require a daily close above $91,19. For now, the trend remains bearish, but those green bars in the oscillator could indicate short-term technical relief before it continues to fall. I’ll keep monitoring whether buyers can maintain some support at this level or if more downside is coming.