Solana Remains Locked in a Defensive Grind as Bearish Structure Tightens 2025 11 28

Comparing this to our prior outlook, the market has respected the overhead supply zones perfectly. We warned that relief rallies would likely be "dead cat bounces" rather than true reversals, and the daily chart proves this thesis is holding firm. The 12-hour and daily DMI readings show the -DI line continuing to dominate, and with the ADX remaining elevated above 30 on the 12-hour frame, the trend strength is undeniably bearish. Even more concerning is the Chaikin Money Flow (CMF), which remains negative across most intraday timeframes, signaling that funds are being distributed rather than accumulated during these pauses.








