Overview
- SOL trades around $77 after a low near $75.80, holding below key moving averages on intraday and multi‑week timeframes.
- Funding turned negative and the long‑to‑short ratio is near 0.89, while futures open interest fell about 2% to $5.09 billion as volume jumped, a setup consistent with liquidations.
- Only about 20% of addresses are in profit according to Glassnode, highlighting weak holder confidence during the prolonged drawdown.
- Supply appears tight with roughly 67% of tokens staked and corporate treasuries holding over $1.3 billion in SOL, though this has not yet provided price support.
- Traders are watching support at $75–$67 and resistance at $82–$83, with some analysts saying a clean break above $90 could raise the odds of a short squeeze toward $100.