SOL’s ETF is still maintaining net inflows, and SOL’s funding conditions are relatively more stable; the highly leveraged longs have been largely cleared out, and the liquidation pressure on the longs below has noticeably decreased; the daily chart shows a volume increase with a long lower wick. Currently, SOL is severely oversold. If it can break through the resistance near the downward trendline around 83.5, there may be a follow-through rebound; the 4-hour MACD and RSI are forming a golden cross, suggesting a short-term range-bound and upward correction repair is needed. Resistance above: around 83.5; key support below: the prior low around 81.

SOL-2.24%
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