bullish

Solana

Spike

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<p>In contrast to the majority of <a href="https://u.today/bitcoin-pulls-off-stunning-v-shaped-recovery" rel="noopener noreferrer nofollow">relief bounces</a> we have witnessed on the market over the past month, Solana finally made a clean impulsive move with structural support. The combination of a sharp spot bid, a massive shift in futures positioning and an actual break in momentum makes this the strongest setup <a href="https://coinglass.com/" rel="noopener noreferrer nofollow">SOL has printed</a> since early October.</p>
<h2 id="technical-breakdown">Technical breakdown</h2>
<p>The figures are clear: in less than a day the total trading volume on major venues increased by over $17.9 billion, with the largest inflows coming from Binance, Bybit, OKX and MEXC. Solana's <a href="https://u.today/crypto-market-prediction-xrp-price-crash-hides-something-bitcoin-bounce-to-90000-possible-is" rel="noopener noreferrer nofollow">long/short ratios</a> finally entered a structurally bullish zone; on several exchanges, spot flows turned sharply positive and futures open interest increased rather than decreased.</p> <img src="https://u.today/sites/default/files/inline-images/clip_443feck1.jpg" alt="SOLUSDT">
<p>That is exactly the combination you want to see when the market is trying to reverse a multiweek downtrend. Technically, the chart backs the shift. Following a <a href="https://u.today/peter-brandt-issues-250k-bitcoin-price-prediction-dogecoin-founder-calls-out-market-manipulation" rel="noopener noreferrer nofollow">severe bleed in November</a> that drove SOL well below its 200-day moving average and produced a clear oversold structure on RSI, the asset confidently recovered the $140-$145 range and broke above the short-term trendline.</p>
<p>This was not some low-volume dead-cat bounce; the volume spike is one of the largest since SOL’s October breakout, and it came with proper follow-through. Does this guarantee a sustained recovery? No. SOL will be dragged along with the rest of the market if Bitcoin continues to set the macro tone.</p>
<h2 id="solana-s-big-potential">Solana's big potential</h2>
<p>In contrast to BTC or ETH, Solana has already flushed the majority of its leveraged longs in November, and sentiment has reset much deeper. That gives <a href="https://u.today/zec-is-20x-lower-than-xrp-solana-builder-breaks-silence-after-zcashs-50-crash" rel="noopener noreferrer nofollow">SOL room to move</a> on relatively modest inflows. The next stage is straightforward: SOL must stay above the $138-$142 range and move in the direction of the 50-day EMA.</p>
<p>If that breaks, $160-$165 becomes the main goal and the first concrete indication that the correction is waning. If it does not work, the asset will most likely retest the $125-$130 range before making a significant effort to recover. Right now, though, the data points to a genuine shift, the strongest since October, and investors should expect elevated volatility, stronger spot demand and a reasonable probability of continued upside in the near term.</p> <a href="https://u.today/17930000000-in-solana-sol-spike-fuels-most-important-breakthrough-since-october" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

$17,930,000,000 in Solana (SOL) Spike Fuels Most Important Breakthrough Since October

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