I noticed something interesting with Solana today that doesn’t seem to be getting much attention. SOL recently moved above the $90 level and briefly reached around $94 while trading volume increased significantly compared to the previous weeks. Some data points that stood out: Futures netflow increased sharply Perpetual futures volume reportedly added hundreds of millions in the last couple of days A large amount of SOL moved off exchanges within a short period of time Usually when coins leave exchanges it can indicate people are moving them into longer-term storage rather than preparing to sell. Technically, the $86–$91 range has acted as a demand zone several times recently. Momentum indicators like RSI also moved higher, which sometimes signals improving short-term strength. Of course the $100 level looks like the next obvious psychological area, but losing the $90 level again would likely weaken the structure. Curious how people here see it. Does this look like the start of a stronger recovery for Solana, or more like a temporary relief bounce?
submitted by /u/Crypto_future_V [link] [comments]r/CryptoCurrencyRead More
You might also be interested in reading 12 factors VCs should focus on when vetting crypto and blockchain companies.
