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Something feels very off with $SOL right now.
We’re sitting at 88.18 and the chart is looking heavy. It tried to push up recently but got rejected hard near that 94 area. Now we’re down 3.62% today and the price action is just grinding sideways above local support.
The 24h low is 87.92 so we are literally hugging the bottom of the current range. Volume is decent at 405M USDT but it’s not exactly screaming "buy the dip" yet.
If we lose this 87 to 88 zone there isn't much stopping a slide back toward 80 or even that 67.50 wick from last month. The order book is a complete coin flip right now with a slight edge to the sellers at 50.35%.
I’m staying patient on this one. I want to see if we can reclaim 90 with some strength before I even think about a long position. If we keep dripping lower it's going to be a long week for Solana holders.
#OilPricesSurge