🔔 Price of SOL has decreased by -8.11% in the past 7d.

🔸 Price: SOL, currently at $103.53, has shown a downtrend in the past 7d with a -9.87% decrease from 7d high of $114.87.

🔸 Trade Volumes: Decreased by -99.41% from the 7-day high to around $607,669.74. Observations: The significant drop in trading volume to $607,669.74, a decrease of 99.41% from the 7-day high, appears to have a strong correlation with the 9.87% decrease in SOL's price, suggesting that the reduced trading activity may be contributing to the downward pressure on the token's value.

🔸 Capital Flows: Increased from -69,027.36 SOL in the past 7d to -2,391.16 SOL, indicating a uptrend. The reduction in negative capital flow for SOL suggests a decrease in selling pressure, which may not yet be reflected in the price as it continues to show a downtrend.

🔸 Order Book Depth: The order book for SOL shows a slightly higher sell quantity at 26,279.32 compared to a buy quantity of 25,279.36, which could indicate a potential downward pressure on the price, aligning with the recent 7-day downtrend where SOL decreased by 9.87% from its high of $114.87 to the current price of $103.53.

📈 Technicals:

🔸 MACD: The MACD has crossed over its Signal line four times with the most recent crossover indicating bullish sentiment, yet the overall converging trend suggests bearish sentiment, which contrasts with the current increasing price trend.

🔸 RSI: The RSI, averaging at 42.76 and maintaining a neutral trend, suggests a market without strong momentum, which aligns with the observed decreasing price trend, indicating potential for continued bearish pressure or a consolidation phase.

🔸 OBV: The OBV trend is decreasing alongside a decreasing price trend, indicating sustained selling pressure and reinforcing the bearish market sentiment.#TrendingTopic #Write2Earnhashtag