Category Crypto Token Analysis

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.

Solana has plunged to $126.40, marking a devastating -$13.60 (-9.7%) decline over just two trading days and testing critical capitulation levels last seen during November's severest correction phases. Today's technical picture presents an extreme bearish domination across all timeframes—with 29 of 30 indicator readings confirmed bearish—yet paradoxically, extreme oversold conditions (SRSI K at 0.00 on both 2H and weekly charts) historically coincide with capitulation bottoms and potential bounce setup.

Yesterday's analysis predicted sideways consolidation for 48 hours within a sustained downtrend. Today confirms that narrative: price is stalling exactly where predicted, oscillators are topping, and resistance is manifesting precisely at the MA levels flagged. What we're watching for now is the reversal of this bounce. The coming 24-48 hours will likely see another test of $147-$150 support, potentially followed by breakdown toward $140 if the macro bearish cycle maintains its grip. Every technical signal suggests this bounce is a gift for short entry, not a reversal.