$SOL - The $74.00 level is rock-solid resistance from the past few weeks. Here, whales that were stacking SOL at $68 are locking in local profits. The RSI on the hourly chart has climbed to 66 points. The room for upward movement to the overbought zone is minimal. The coin needs either a strong trigger for a breakout or a technical pullback back into the channel - this situation has been ongoing for several days. Everything points to a short, yet my gut says breakout upwards, maybe the best plan now is to just watch, or spot $SOL
Yesterday, according to Binance data, the net capital inflow into SOL reached a staggering $2.4 billion, and the buyer's share in the order book is holding at 58%. Big players are aggressively squeezing shorters.

DYOR
#solana