Crypto
Solana Price Stalls at $103: Exhausted Momentum Signals Potential Flush
Solana's price has been steadily holding at $103.31, but momentum has slowed significantly.
A 60% probability exists for a flush towards the support band of $100.68-$101.99 before any potential breakout, according to analysts.
The 24-hour price change is only +0.34%, but volume on Binance spot came in at around $201 million, indicating thin conviction from both sides.
MACD momentum has completely exhausted itself, with the signal line and MACD line having converged and kissed, historically a stall warning rather than a launchpad for further growth.