SOL

What the call was based on

Solana still favors a swing long, but only on a pullback into 89.18-90.79 rather than at market. The breakout came with 357% of average volume and daily momentum is still strong, but falling open interest and a 2.26 retail long/short ratio say the move is being driven more by covering than fresh demand. As long as 84.04 holds, a retest of 102.74 is the base case, with 106.70 next if that level gives way.

• Vol 357% of avg; 7d price +26.3%
• Price/OI short covering; OI -6.7% in 7d
• Daily RSI 83.1, MACD hist 2.13
• Retail L/S 2.26 vs top 2.08
• H4 RSI 70.6, MACD hist -0.28

Bitcoin market regime at the time: side.