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☄️ SOL finds footing at battered support
After a steep dip, SOL finally hugged a long‑standing demand cluster around $90‑$91, and the order book is quietly refilling. My angle is that the price is testing whether the recent capitulation was a panic‑sell or a genuine shift in sentiment.
🕸️ The broader market still leans risk‑off, with BTC and ETH consolidating under modest pressure; that backdrop caps SOL’s upside unless macro risk appetite revives. Yet on‑chain metrics show a rise in active addresses and a modest drop in exchange inflows, hinting that holders are less eager to unload. I’m cautiously optimistic—price could drift higher if the support holds, but a breach would likely trigger a deeper correction given the prevailing risk aversion.
⚡️ The decisive factor will be whether the $90‑$91 zone can absorb fresh sell pressure without cracking.
Not financial advice. DYOR.
#Solana #CryptoMacro #OnChainInsights

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