Is SOL at its current position a sign of panic or an opportunity?



Today, I received four consecutive abnormal signals—not from retail investors panic selling, but from funds quietly building positions at this price level.

Let’s look at some key data:

In the past hour, the liquidation volume of shorts was seven times that of longs. What does this indicate? The downward momentum has already exhausted, and those continuing to short are starting to get squeezed.

The RSI indicator has dropped to 36, entering a severely oversold range. Looking back at the historical trend, every time it drops to this value or nearby, a technical rebound tends to occur in the short term.

The current price is $138.6, hovering near today’s lowest point.

If you want to get involved, you can consider the following approach:

Initial entry range: $137.7–$138.6 ( current position )
Add-on observation: If it continues to dip to $135–$136, consider increasing your position
Risk management bottom line: $132—if it breaks below this price, the logic needs to be reassessed

Rebound expectations:
- First resistance level $142-$145
- Second resistance level $148.25 ( previous high )
- Third target around $158

The most paradoxical thing about the market is: when all the data points to being "oversold," most people are too afraid to buy. But it’s often at these moments that the real bargain-buying window opens.

This isn’t a suggestion to blindly catch the bottom, but rather, when technical indicators, capital flows, and price levels all align, it’s at least worth taking seriously—not being ruled by emotion.
SOL0.97%
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HashRateHermitvip
· 5h ago
Short liquidations are up 7x; this data is pretty intense. It really feels like the bottom signal is getting more and more obvious.
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Ser_This_Is_A_Casinovip
· 12-05 09:53
Short liquidations are up 7x; this data doesn't lie, which indicates that someone is indeed buying at the bottom.
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DegenDreamervip
· 12-05 09:49
Shorts liquidated 7x, now this is interesting. Funds are quietly accumulating positions.
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GhostInTheChainvip
· 12-05 09:46
Shorts liquidated 7 times, RSI at 36 is already in oversold territory. If you’re not getting in on this wave, what are you waiting for?
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ProveMyZKvip
· 12-05 09:23
Short liquidations increased 7x? This data is pretty intense, it really feels like a shakeout.
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