$SOL Solana (SOL) is currently in an "extreme fear" bottoming phase. As of February 13, the price is fluctuating around $80, and market sentiment is very weak, but technical indicators show that it has entered the oversold zone, indicating a short-term rebound demand.
📉 Current Market Status
Price Performance: The current price of SOL is about $80, with a 24-hour decline of over 3%, having fallen below the psychological barrier of $100, and is at a recent low.
Market Sentiment: The Fear and Greed Index has dropped into the "extreme fear" zone, with a large number of retail traders' high-leverage long positions being liquidated, causing a liquidity crisis in the market.
Institutional Movement: There is significant outflow pressure on ETF funds, but there have been slight signs of net inflow recently, alleviating some selling pressure from institutions.
📊 Technical Perspective: Rebound Window After Overselling
Support Level: $80 is a short-term lifeline; if it fails, it may drop to $70 or even $50.
Resistance Level: $90 is the first hurdle for a short-term rebound; breaking through it could lead to $100.
Indicator Signals: The RSI indicator is in the oversold zone at 25, indicating a technical need for a rebound repair, but the strength of the rebound may be weak.
⚠️ Risk Warning
Macroeconomic Pressure: Today (February 13), the U.S. CPI data will be released; if the data exceeds expectations, it may trigger another market decline.
Trend Judgment: The current trend is still bearish; short-term rebounds are mostly "technical repairs," and the bottoming process may be lengthy.
Advice: The current market is highly volatile; it is advisable to control positions and avoid high-leverage operations. If the price can hold above the $80 support, a light position can be taken to bet on a rebound; if it breaks below, further downside risks should be cautioned against.