🔥 Funding Rates Stay Bullish
Solana’s funding rates remain positive, showing long traders are paying shorts to stay in position. Even with a dip to $160, no signs of shorts taking over. Traders betting on further upside signal confidence in the rally.
âš¡ Golden EMA Crossover
The 20/50 EMA on the daily chart has formed a golden crossover, suggesting an uptrend. Though the signal appeared on a red candle with long wicks (hinting at indecision), the crossover still supports a bullish bias in the near term.
📊 Key Support Holding
SOL holds above $158 support (Fib level), keeping its bullish structure intact. If it reclaims $168, next targets could be $179–$184. But beware: bearish RSI divergence shows weakening momentum. A drop below $158 could test $152 or even $147, risking a bearish shift.
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