Solana's recent market performance has been quite aggressive. From a high of 139.74, it has dropped all the way down to 136.83, a decline of nearly 3%. The short-term moving average system (MA5, MA10, MA25) has now formed a clear bearish alignment. From a technical perspective, the selling pressure indeed dominates.
However, it is worth noting that although the decline has been rapid, the trading volume has significantly contracted at the end of the downtrend. This signal is interesting—usually, volume exhaustion often indicates that selling pressure may be weakening soon, suggesting that some bottom-buying interest might be quietly accumulating.
Currently, the price has approached a key support level, and the probability of a technical rebound still exists. Whether a short-term bounce will occur depends on continued observation of volume changes and signs that the short-term moving averages are stabilizing. The recent volatility of SOL should be closely monitored.
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NftBankruptcyClub
· 01-10 10:12
The shrinking trading volume seems to indicate that bottom buyers are indeed starting to stir.
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With such a clear bearish arrangement, dare to bottom fish? I don't have the guts for that.
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Wait, if there's really a rebound, could it surge back above 139? If I miss this wave, I might cry.
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A 3% drop, so what? I was directly halved last time and still alive. No panic now.
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Where is the support level? It seems necessary to look at the next two or three days' trend.
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It's another argument that declining volume indicates buying pressure; every time it's said, the price keeps dropping. Trusting that is just ridiculous.
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SOL has been fierce these days, but I still feel there's room to go down further.
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NFTArtisanHQ
· 01-07 10:57
volume exhaustion as a metaphor for creative depletion... sol's price action rly mirrors the death throes of a failed aesthetic movement, ngl. that support level feels like the last frame before the canvas tears completely.
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SleepyArbCat
· 01-07 10:53
The shrinking trading volume signal seems a bit fishy. I can smell the accumulation at the bottom. Keep an eye on it. If this rebound comes, the gas fees will need to be saved...
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CryptoCross-TalkClub
· 01-07 10:44
Laughing out loud, it's the same old "bottom accumulation" talk. Every time, it's the same story, but the price still keeps dropping.
Is it volume exhaustion? I think it's more like no one dares to take the buy-in, everyone is waiting for the next halving.
I give a question mark on this rebound probability. The MA5 is already vertical, and you still want to see a rebound?
What are you closely tracking? It's better to keep an eye on whether the project team has any major news or explosions on Twitter.
A 3% drop is considered the end of the world in the eyes of retail investors. Come on, everyone.
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ForkItAll
· 01-07 10:43
The shrinking trading volume is quite interesting, and it has a strong sense of accumulation at the bottom.
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MidnightMEVeater
· 01-07 10:41
Decreasing trading volume? Haha, it's that old story of "bottom accumulation" again. Good morning, night creatures. I have just one question—will this rebound again be just like the sandwich attack scene in the robot paradise?
Solana's recent market performance has been quite aggressive. From a high of 139.74, it has dropped all the way down to 136.83, a decline of nearly 3%. The short-term moving average system (MA5, MA10, MA25) has now formed a clear bearish alignment. From a technical perspective, the selling pressure indeed dominates.
However, it is worth noting that although the decline has been rapid, the trading volume has significantly contracted at the end of the downtrend. This signal is interesting—usually, volume exhaustion often indicates that selling pressure may be weakening soon, suggesting that some bottom-buying interest might be quietly accumulating.
Currently, the price has approached a key support level, and the probability of a technical rebound still exists. Whether a short-term bounce will occur depends on continued observation of volume changes and signs that the short-term moving averages are stabilizing. The recent volatility of SOL should be closely monitored.