🚨 Solana’s Sizzling Setup: Will SOL Sizzle or Fizzle? 🚨

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  • Darling, the retail and institutional sentiment are simply aligned, don’t you agree? The buy-side Futures activity is looking rather… bullish, old chap.
  • And, sweetie, the short liquidations and stable funding rates do hint at a sustained upside without leverage overheating. How… thrilling.

It appears, my dears, that Solana [SOL] has become the belle of the ball, with both retail and smart money sentiment turning positively… well, positive. The positioning and Futures activity are now supporting the possibility of a renewed bullish breakout. How… fabulous.

As I write this, Solana is trading near $145, and the crowd and institutional sentiment have seen a synchronized uptick. Market Prophit’s sentiment score for smart money is 1.79, while crowd sentiment remains slightly positive. One does hope this trend continues, darling.

Furthermore, the 90-day Futures Taker CVD indicator has flashed a “Taker Buy Dominant” signal, suggesting consistent market buying pressure. This convergence of sentiment across participants reinforces the strength of underlying demand, even as the price remains confined within a narrow range. Rather… intriguing, don’t you think?

Can Retail Confidence Drive Momentum, Darling?

Data from Binance shows that 74.83% of traders are holding long positions, while only 25.17% remain short. The Long/Short Account is at 2.97, highlighting a strong bullish tilt among retail participants. This heavy long bias reflects growing confidence in a potential reversal. But, sweetie, do be cautious; such an imbalance may become a risk if the price fails to deliver an upward breakout.

Funding Rates Rise Without a Leverage Spike, Old Chap

On Binance, Funding Rates for SOL/USDT perpetual contracts remain marginally positive, most recently printing at 0.001%. This indicates that long holders have paid a small premium to maintain positions. Though this signals moderate bullish momentum, the absence of extreme funding spikes suggests that the current rally isn’t yet fueled by excessive leverage. Rather… reassuring, don’t you agree?

Hence, traders remain cautiously optimistic, and the market structure looks stable enough to support a gradual breakout rather than a volatile surge. One does hope this trend continues, darling.

Hidden Upside Through Repeated Liquidations, Sweetie?

Liquidation data reveals a significant bias toward short liquidations. As of the 20th of June, total short liquidations reached $192K, compared to $1.21M in long liquidations. Binance accounted for $68K of short liquidations, with OKX following at $102K. These figures imply that short sellers are frequently caught offside, contributing to upward momentum through forced exits. Rather… delicious, don’t you think?

This trend may persist if the price gradually pushes higher, reinforcing the squeeze effect and supporting further upside. One does hope this trend continues, darling.

Is SOL’s Price Preparing for a Breakout, Old Chap?

At press time, Solana remains range-bound between $140 and $152, trading just under the Bollinger Band mid-line at $152.01. MACD values are flattening at -3.26, suggesting weakening bearish pressure. The price hugging the lower Bollinger Band with narrowing bands signals reduced volatility, often a precursor to a breakout. Rather… thrilling, don’t you agree?

For bullish momentum to confirm, SOL must reclaim the 20-SMA mid-band and flip it into support. Until then, the market waits for a definitive direction. One does hope this trend continues, darling.

Solana’s sentiment setup shows promising alignment between retail and smart money. The market structure remains healthy, with no signs of excessive leverage or euphoria. However, a true breakout will depend on Solana’s ability to reclaim technical levels like the Bollinger mid-band. Until then, momentum remains latent, but the foundation for a potential bullish move appears firmly in place. Rather… encouraging, don’t you think, old chap? 🤔

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2025-06-20 12:11