SOLUSD opened Monday at 76.19 and closed Friday at 73.77, a net loss of about 3.1 percent across the week. The first three sessions held a tight range near 78, then the tone changed. Wednesday's close at 75.71 broke the floor, and Thursday extended the drop to a 73.26 low before settling at 73.77. The back half of the week did the damage.
The economic calendar for this week is empty in the bundle, so price action carries the story rather than a scheduled catalyst. The single biggest thing to watch is whether last week's late slide finds a floor near the 73.26 low or turns into a fresh leg lower. That level is the reference point for the whole week.
With no data prints to anchor to, the secondary theme is the broader crypto tone. Moves in the majors tend to drag altcoins with them, so watch how Solana tracks the wider market as the week opens. A firm bid across the sector would give the recovery case more room. Open an LHFX account to trade SOLUSD this week.
If price reclaims the 75.71 area early and holds above it, the prior congestion near 77.81 comes back into view. If that fails and sellers push through 73.26, the market is in fresh territory below last week's range and the recovery case weakens. A parallel read comes from watching Bitcoin, since a broad sector bounce or breakdown often front-runs the altcoin move.
Positioning shows 61 percent long against 39 percent short as of the start of the week. That skew leans bullish even after a losing week, which means a crowd of longs is sitting through the drawdown. A crowded long book can add fuel to a downside break if those positions get flushed, so the skew cuts both ways here.
The 73.26 low from Thursday is the first reference. A hold there keeps the range intact; a clean break opens the door lower. On the upside, 75.71 marks where the Wednesday breakdown began, and 78.72, last week's high, caps the recovery case. These are reference levels for context, not entry signals.
Byline: LHFX Research
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