Market status: Since the last analysis (about 5 hours ago), the price has slightly dipped from 126.44 to 126.11. The current market can be described as a "zombie market." It is now 4:30 AM Asia time, the moment of the most liquidity exhaustion worldwide.
Core issue: SOL is facing a "confidence crisis." Even though BTC remains above 88,000, funds are still unwilling to push SOL higher. This results in a "Slow Bleed" situation, where there are no large sell-offs, but fewer buy orders, causing the price to gradually drift downward.
Key level: The current price is slowly approaching the short-term psychological threshold of 125.00.
If the price can hold above 125 before dawn (by 8 AM), there might be an oversold rebound during Sunday daytime.
If it breaks below 125, it will trigger stop-loss orders to test Friday's low of 122.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
"Zombie Market" Time. Over the past few days, SOL has experienced 3 waves! Congratulations! Latest updates + support and resistance levels shared!!!
🚨 Early morning market assessment: Extremely low volume, continuous downward trend
Market status: Since the last analysis (about 5 hours ago), the price has slightly dipped from 126.44 to 126.11. The current market can be described as a "zombie market." It is now 4:30 AM Asia time, the moment of the most liquidity exhaustion worldwide.
Core issue: SOL is facing a "confidence crisis." Even though BTC remains above 88,000, funds are still unwilling to push SOL higher. This results in a "Slow Bleed" situation, where there are no large sell-offs, but fewer buy orders, causing the price to gradually drift downward.
Key level: The current price is slowly approaching the short-term psychological threshold of 125.00.
If the price can hold above 125 before dawn (by 8 AM), there might be an oversold rebound during Sunday daytime.
If it breaks below 125, it will trigger stop-loss orders to test Friday's low of 122.