#SOLUSDT
Solana is currently trading at $91.31, down 8.6% in the last 24 hours. The technical structure has shifted from a "Pullback" to a "Confirmed Downtrend" as price now sits below the 200-day EMA for the first time in nearly a year.
📉 $SOL /USDT
Sell Entry: 4-hour candle close below $93.00.
Target 1: $85.50 (Jan 2024 lows)
Target 2: $82.50
Target 3: $78.90 (Major liquidity pool)
Stop Loss: $106.50
Fresh data confirms $485 million in net outflows from Solana-linked investment products this week. Large-scale investors are moving into "Quality Hedges" like Gold ($PAXG) and US Treasuries.
On the daily timeframe, $SOL is showing lower-highs and lower-lows within a broadening descending channel. The MACD is deeply negative and widening, signaling that the current selling pressure is not just a liquidation wick but a sustained distribution phase.