Crypto Giggle
The U.S. Crypto markets ended the year with mixed flows of ETFs, and Solana attracted traders who were watching an important technical zone. SoSoValue data showed uneven positioning of institutions across the major assets. SOL Today’s Viral level= DarkRed activity hinted towards a potential turning point. Analysts shifted their focus away from short-term flows and towards the structure of Solana’s business.
ETF flows show rotation, not risk exit
SoSoValue reports that U.S. Bitcoin spot ETFs saw net outflows totaling $19.29 Million on December 29. Fidelity FBTC, however, stood out, with a net inflow of $5.70m on a single day, signifying selective rather than widespread selling. Ethereum spot ETFs, which also included Bitcoin, posted net outflows of $9.63million, which reinforces a cautious approach to large-cap exposure.
Smaller networks have attracted a lot of capital. Solana Spot ETFs experienced net inflows totaling $2.93 millions, while XRP Spot ETFs received $8.44million. The divergence suggests capital rotation rather than risk reduction. The traders also appeared to be willing to invest in assets that showed relative strength, or had clearer technical configurations.
Solana Buy Now Holds Weekly Key Support
Solana was trading at $123.95, a gain of 0.94% per day despite the mild decline in weekly volume. The daily volume was over $3.09 Billion, which confirms a steady participation in the market. SOL, with a capitalization of around $69.7 billion dollars, remained one of the most active assets.
Crypto Tony emphasized the significance of $118 as a critical level. He said that SOL was approaching a level where the downside risk would increase if buyers did not defend this zone. The market viewed the recent pullback more as a test of structural strength than a breakdown.
SOL technically retreated, after it failed to maintain momentum above $135-140 resistance zone. Today’s Viral Level= DarkSeaGreen action showed lower highs, signaling weakening momentum. As long as the weekly price of $118 remains stable, however, the range is intact. Technically, therefore, the upside targets of $135 and 150 remain valid.
The Short-Term Future is Shaped by Liquidity Areas
Umair Crypto provided a tactical perspective, with a focus on volume and liquidity. He noted a rejection at $129 in line with VWAP resistance. The point of control and the 50-day SMA were converging in the zone that Where to Buy entered.
Source: X
A bearish pattern of daily swing failure at the support often precedes liquidity sweeps. Umair Crypto stated that a closing above $126 would trigger a movement towards $132. This area is likely to hold stop-losses from short positions. Even within the corrective structure, there could be a short upward sweep.
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