Crypto
Solana Price Hinges on $107 Resistance Level
Solana's price has been stuck at $104.87, with momentum flat and smart money positioning long.
The trend is bullish, but the current setup is an inflection point where fundamentals take a backseat to technicals.
The Bollinger Band setup is particularly sharp, with price threading between the midline near $101.62 and the upper band at $109.74.
The derivatives picture shows open interest growing 0.76% over the past day, but positioning remains skewed heavily in favor of longs, making a potential collapse violent.