SOL current price is 74.62, down 1.76% on the day. Net capital outflows total 62.16 million. Combined with the negative impact of an on-chain protocol being attacked, on the 15-minute timeframe price has continued to swing down persistently from the high of 76.85. After dipping to the low of 74.14, it rebounded slightly, while short-seller selling pressure continues to release and bid support remains weak. Short-term resistance has formed around 75 above; below, price is relying on the key support at 74.14. The short-term downtrend has not ended yet, and bearish sentiment is likely to keep weighing on the market. For the short term, it’s recommended to stay on the sidelines, and focus on whether this support level can hold; if it breaks, it will likely trigger a deeper pullback.

SOL-1.77%
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