Solana's recent rebound did not last, but again weakened from $63 to $76 last week. The price suffered 76 dollars of resistance and broke 70 dollars of support, went down to the vicinity of 68 dollars, showing short-line pressure regaining the upper hand.

The deal is magnified but the price is weak.

As of the submission, SOL reported $69, 24 hours down by about 1.3 per cent. The market value declined by 1.4 per cent during the same period, but the turnover increased by 3 per cent. Such deviations usually mean that market transactions are more dynamic, but more money goes to the downside or sell side.

From the solar-line structure, SOL has broken the 9-day mean and 70-dollar-neighbored area, and the short-line movement continues to weaken. The directional indicator also shows an advantage in +DI down to 19, -DI up to 26 and ADX up to 27, indicating that the downward trend continues.

Whale dichotomy.

Onchain Lens, a chain-based monitoring account, states that a giant whale has expanded its 20-fold-leveraging list to 624,680 SOLs, which is approximately $43.4 million at current prices. Although the warehouse remained in a deficit of approximately $4.5 million, the trader was not even, indicating that the price of his remaining bets continued to decline.

By contrast, the exchange has been biased towards rebounding expectations. Binance has a multi-space ratio of more than 3.0 and OKX is close to 2.6, indicating that the multi-head position is significantly higher than the empty head. The current market disagreement is whether the follow-up trend will be more dominated by the empty bets of giant whales or driven by the booming trade.

68 bucks and 76 bucks are on the line.

As the futures market becomes more dynamic, the leverage risk accumulates. The data show that the cumulative empty clearing leverage rose to $128 million, with $76 corresponding to the main empty clearing area; the cumulative multiple clearing leverage was about $80 million, and $68 was the main multiple clearing location.

This means that if SOL falls at $68, it could trigger more than one square, price or further down at $66, and $63 could become the next supporting area. If the price is back on US$ 76, the top empty silos could be squeezed and the market focus would turn to US$ 80.