According to external sources, Solana has temporarily slowed down after a recent rebound, with prices falling around $75. With this reversal, the silo of the derivatives market has also declined from close to $5.8 billion at the beginning of July to about $4.8 billion, indicating that part of the leverage is leaving the market and that the short-line direction of the market remains to be confirmed.

It's a 75-dollar short-line view.

According to the article, SOL had not been able to break through the 88-dollar barrier, which was then closed to profit and the price returned to the immediate vicinity of the upper corridor. The US$ 75 area is currently considered a short-line support position and, if secured, the recent rebound structure will continue.

The technical position cited in the text shows that the area is also close to the middle track of the Bryn strip and has been supported on several occasions during the recent upturn. If the purchase drive is re-enhanced, SOL still has the opportunity to retest 88 dollars of resistance.

Unsettled contracts fell back to $4.8 billion

The CoinGlass data show that Solana's unsettled contract has fallen to about $4.8 billion, below the level of close to $5.8 billion at the beginning of July. According to the article, this change is largely synchronized with the return of the SOL-83 area to the vicinity of $75.

According to the paper, the fall in the round of open contracts was more like a voluntary reduction of leverage on the part of both sides, rather than an empty focus on building a new warehouse. In other words, the market has turned to caution near the critical anchor, but there is no apparent unilateral bets.

  • It's about $4.8 billion.
  • Early July, approaching $5.8 billion.
  • Prices fell from $82 to $83 over the same period to around $75.

88 dollars is still a key resistance.

According to the article, if SOL re-posted at $88 and the trades were to pick up in parallel with the unsettled contract, the price might go further to $92 and then test the whole figure of $100.

On the contrary, in the event of a failure of support in the vicinity of $75, the current rebound will be weakened and prices may be downgraded in the US$ 67.7 area. The position is considered in the text to be the low point of the previous band and an important demand area at the solar line level.

Overall, it is more likely that SOL shortlines can be sorted between $75 and $88. Whether or not to follow a new course of action will depend on the re-enrichment of the buyout and the return of leverage.