Solana is trading at $82.80, just above the lower Bollinger Band and below its key short- and medium-term moving averages, with daily RSI in oversold territory at 23.38. But Binance Futures data st...

Solana’s spot price is $82.80, up 0.44% on the day, after a 24-hour range of $85.85 to $82.19 on Binance spot. The setup is technically washed out, but not yet repaired: SOL is trading below the 7-day, 20-day, 50-day and 200-day moving averages, with a bearish moving-average stack and daily RSI at 23.38. That keeps the market in oversold territory, but oversold does not mean trend reversal.

The tape is also still heavy underneath. On Binance Futures, the 1-hour taker buy/sell ratio is 0.8079, with sell volume exceeding buy volume, which points to aggressive selling pressure. Open interest stands at 9,669,767.96 contracts, with daily open interest value at $808.8 million and a 24-hour rise of 1.18%, so positioning has not fully washed out even as price weakens.

The clearest constructive signal is proximity to the lower Bollinger Band at $80.35, with SOL’s %B at 0.0958. That means price is hugging the lower edge of its recent band structure, which is the kind of setup that can produce reflex rallies if selling pressure fades.

But the broader trend still argues caution. 01. 27. In plain terms: momentum is oversold, but trend alignment remains bearish.

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