Solana opened Monday at $82.28 and closed Friday at $63.51, dropping $18.77 or 22.8% across the five sessions. The selling accelerated through the week, with Friday alone accounting for a $5.22 decline as volume hit 126,367 contracts.
This week's calendar shows no scheduled high-impact events for SOLUSD. Without fundamental catalysts, the focus shifts to whether Friday's low near $61.34 holds as support.
The absence of economic data means traders will watch correlation with Bitcoin movements. Any stabilization attempt needs to clear the $68.73-$71.47 zone where Thursday and Wednesday closed.
If SOLUSD holds above Friday's $61.34 low early in the week, the first resistance sits near $68.73 (Thursday's close). A daily close back above that level would target the $71.47 area (Wednesday's close). If $61.34 breaks on volume, the psychological round numbers below come into focus.
Current positioning shows 60.1% of LHFX clients are long SOLUSD versus 39.9% short as of Sunday morning. This 3:2 long skew suggests retail traders are betting on a bounce after last week's sharp decline, though the majority positioning has yet to stem the selling.
Three key levels frame the week: $61.34 (Friday's low and immediate support), $68.73 (Thursday's close and first resistance), and $75.55 (Wednesday's high and the week's only meaningful bounce level). Open an LHFX account to trade SOLUSD as it tests these critical levels.
Byline: LHFX Research
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ONYO LA HATARI
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