⚠️ $SOL on Track for $195 — Rebound or Just a Dead Cat Bounce? 🧟♂️📉📈
Solana (SOL) is back in action with a strong recovery 🚀 as markets eye the second round of US-China trade talks 🇺🇸🇨🇳 kicking off Monday. SOL is up +1.5% on the day, continuing its bounce after last week's sharp dip.
📊 Derivatives Market Turns Bullish
Solana’s rebound has reignited confidence in the derivatives market:
🔹 Open Interest jumped +2.2% in 24H to $6.55B 💰
🔹 Funding Rate rose to 0.0053% ➕ — bulls are paying a premium 💸
🔹 Short Liquidations: $5.12M 💥 vs. Longs: $1.77M — bearish positions wiped out ❌🐻
📍 Key Levels to Watch:
🔸 $150 ✅ — Psychological support now reclaimed
🔸 $157 🟨 — Daily close above = confirmation for further rally
🔸 $183 🟩 — Next Fib target (50% retracement)
🔸 $142 🔻 — If rejected at $157, expect retest
🔸 $105 🟥 — Breakdown risk if support fails
🧠 Conclusion: Bounce or Bull Trap?
SOL must hold above $157 to validate the uptrend 📈. If not, this may be a classic dead cat bounce ⚰️. Watch the key levels and derivatives flow closely for the next move 🔍
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