Solana challenges the market: in 24 hours the price has increased by 8%. Will growth continue?
The relative strength index (RSI) remained below the neutral 50 mark, suggesting overall momentum remains bearish.
These indicators imply that while Solana has shown some bullish signals in the short term, it has yet to establish a strong enough bounce to reverse the long-term trend.
Funding levels were positive but declining and currently stood at around 0.0003%. The position showed that although buyers still dominated, their influence was waning
This change suggests that traders have become more cautious. Traders were less willing to pay a premium to hold long positions, which could pave the way for sellers to gain more influence.
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