MARKET TALK — Solana (SOL)

SOL on the 15-minute timeframe currently shows bearish trend dominance, where the moving average indicator gives a “Strong Sell” signal. The price of SOL is moving in the range of US $76.26 to US $78.53

Market Sentiment & On-Chain

Liquidity Flow: Even though the short-term chart is under pressure, the Solana network has just received a stablecoin liquidity injection of US $330 million. This fresh funding supply acts as a cushion to prevent the price from falling too deeply.

Institutional Interest: Daily inflows into the Solana ETF in the US provide a positive medium-term sentiment. This sentiment could trigger an instant reversal if the Bitcoin market starts stabilizing

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Quick-Scalping Trading Strategy

Bearish Scenario (Sell): If the price breaks below the nearest support area (~US $76.20), the short-term downside target is in the range of US $75.50

Bullish Scenario (Buy): If a rebound occurs from the oversold area, the nearest resistance target is at US $78.50. A breakout above that level is required to turn the 15-minute trend bullish

DYOR🧐

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