【
$SOL Signal】Hold Cash and Wait — Downtrend Continuation, No Valid Support Seen
$SOL Accelerating downward after breaking below EMA20 (83.65), currently in a clear downtrend channel. 4H candles are consecutively bearish, buying pressure is weak, and the depth imbalance of -0.69% indicates selling pressure dominates.
🎯 Direction: Hold Cash
Market Analysis: Price quickly dropped from recent high of 84.34 to 78.97, a decline of over 6%. Key data contradicts: funding rate at -0.0136% (bearish), but open interest (OI) remains stable, suggesting no major liquidation by large players, more likely