Community Articles
via BeInCrypto · By Ananda Banerjee
The Solana Pattern Traders Love Is Actually a 50% Crash Setup
SOL
SOL/USDT
$105.05
+2.64%
$105.05
+2.64%
(24s)24h Volume
$2,491,941,726.65
24h H/L
$107.07 / $102.22
Change: $4.85 (4.74%)
Long/Short
68.9%
Long: 68.9%Short: 31.1%
Funding Rate
+0.0041%
Longs pay
Data provided by COINOTAG DATALive data
AB
Ananda Banerjee(09:00 AM UTC)
1 min read
Solana price has held a rising channel for more than three months, yet the structure may be hiding the same continuation pattern that powered a collapse of over 50% from mid-January to early February.
The token sits roughly 3% above the channel’s lower trendline. On-chain data shows hodler conviction slipping and short-term holder cushion thinning. The setup is one bad day from breaking.
Sol…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles