📊 $SOL – Profit-taking pressure after a strong surge
🗓️ Friday, 15/08/2025
📰 SOL just hit a peak of $210 in the past 24 hours before a sharp decline; the crypto market is under light adjustment pressure after a strong recovery at the beginning of the week.
💰 Current price: $192.55 – still above MA7 ($185.68) & MA25 ($180.29), the medium-term trend remains bullish but the short-term is under adjustment pressure.
📈 RSI(14): ~59.7 – neutral momentum, has moved out of the overbought zone; MACD is still positive but the gap is narrowing → buying force is weakening.
📊 Futures: OI ~10.60B slightly decreased; Top Trader Long/Short (Accounts) ~3.66 shows a strong bias towards Long, but Top Trader (Positions) decreased → profit-taking potential. Funding rate 0.0100% → leaning Long.
⚡ Basis slightly negative (-0.02) → cautious sentiment, Long capital flow is not truly overwhelming.
🎯 Preferred trend: SHORT 📉 (Sell) – Probability 65%
📍 Entry: $193 – $195
🎯 TP1: $186 ~ -3.6%
🎯 TP2: $178 ~ -8.7%
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💡 Did you know?
Open Interest (OI) is the total value of futures contracts that have not been settled. When OI increases along with price, it usually indicates new capital flowing in to support the trend. Conversely, a decrease in OI when price rises may signal weakening buying force and a potential reversal.