Over the past six weeks, Solana has recorded a huge decrease from the highest level ever at $ 295. Solana decreased to $ 139, which represents a significant decrease by more than 50 %.
With the low price of the lowest level in 24 hours at $ 131, Solana is struggling to maintain dominance over EMA for 100 weeks. Will the pressure and the broader collapse in the market increase to $ 85?
Solana weekly work: More on the side of the negatives forward?
In the weekly price scheme, Solana formed six consecutive candles. With the fall, Solana is traded with a market value of $ 139.5.
MacD and Corples gave a negative intersection, accompanied by an increase in the homosexual graphics. However, the 20, 50 and 100 EMA lines in the weekly graph maintain a positive alignment.
The EMA line supports for the 100 -week continuous fall and offers a potential transformation with a decrease in the price rejection. However, the increase in sales pressure on the market warns of mobilizing collapse.
Based on a price analysis, Solana is heading to test immediate subsidies near $ 128. If Solana finds a closing price according to this support level, it is possible that the fall is a $ 85 support sign.
On the upscale front, you will live on the EMA line for 100 weeks test EMA for 50 weeks at $ 167.
Open the distinctive FTX: Will Seoul reach $ 100?
Despite the basic simple rejection, the next The distinctive symbol opened In the Solana network is likely to sink the market price. According to the Solana Gate, the network will witness a huge opening of 11.16 million Sol icons, at a value of $ 1.56 billion.
The abolition of the lock will come from the FTX exchange, after bankruptcy in 2022. The huge, which is 1.56 billion dollars, is likely to raise the width pressure, leading to a rapid diving.
Solana derivatives signs increased volatility
Amid the huge accident, Solana Details data The analysis reveals an increase in volatility. The open interest decreased by 13 % to $ 4.54 billion, while the short -term financing rate increased 0.0041 %.
However, the long liquidation reached $ 100 million, with a short liquidation to $ 11.5 million. A long percentage indicates the maximum, which reflects the number of upscale and duplicate positions on the market, to simple hegemony.
The percentage is 0.9399, which reflects the increase in homosexuality. However, on top stock exchanges like Binance and OKX, the ratio is very optimistic, highlighting approximately 3 to 4 times in the budget situations in play.
