SOL Market Alert: 4-Hour Price Deviation 📉
Solana is experiencing high volatility today, following the broader market trend with a significant sharp move. Here’s the 4-hour breakdown for SOL:
Price Deviation: Solana has seen a rapid downward deviation of approximately -4.7% to -6.1% over the last 4 hours.
The "Up & Down" Levels:
High: Touched a recent peak of $84.35.
Low: Dropped to a local support test at $78.57.
Current Status: Trading near $81.33, struggling to hold the $80 psychological barrier.
Market Sentiment: Bearish dominance. While institutional inflows into Solana ETFs hit a monthly high of $8.4M yesterday, retail selling pressure is currently driving the price toward critical support zones.
Quick Snapshot
Metric Movement Price (USD)Max 4H Downside-6.1%$78.57Recovery Attempt+3.5%$81.33 (from low)Overall Trend Bearish Testing Support
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Analyst Note: $SOL is currently hovering near a critical support zone. If the $78.00 level fails to hold, analysts warn of a potential drop toward $70.00. However, holding this level could spark a relief rally back toward $87.00.$SOL
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