⚠️ SOL Eyes $195 — But Is This Just a Dead Cat Bounce? As t
koinmilyoner
Updated at: 6 hours ago
{"content":"⚠️ SOL Eyes $195 — But Is This Just a Dead Cat Bounce?
As the second round of US-China trade negotiations begins Monday, Solana recovers.
The rebound raises Solana derivatives optimism, increasing Open Interest and purchase volume.
Solana's technical picture implies a lengthy rebound if psychological support stays above $150.
After three days of increase, Solana (SOL) rose over 1.50% at press time on Monday, showing a recovery trend. Crypto markets are optimistic ahead of the second round of US-China trade negotiations later today. Despite this, Solana derivatives' positive mood drives Open Interest (OI), and the technical picture predicts a rise to $180 if bulls hold above $150.
Solana's $150 breakthrough targets $195
Solana's fourth straight bullish candle lifts it over Thursday's 5.85% loss to $154. Reversal rally surges over 7% and reclaims $150 psychological milestone.
Solana has dominated for almost a month, maintaining the $142 support level, which matches the 23.6% Fibonacci retracement line from its January 18 high of $261 to its April low of $105.
A daily finish over $157, the highest in a week, might extend the advance to $183, the 50% Fibonacci mark.
Solana may revisit the 23.6% Fibonacci mark at $142 if it fails to close over $157. A close below the Fibonacci level and $140 zone might continue the decline to April's low of $105.
Power shifts for solana derivatives
As Solana gradually recovers to $150, derivatives market confidence grows. The SOL Open Interest rose 2.20% in 24 hours to $6.55 billion, suggesting Solana derivatives capital movement.
OI-weighted funding rate rises to 0.0053%, showing bulls are ready to pay a premium to bears to maintain swap prices aligned with spot prices.
In the preceding 24 hours, short liquidations soared to $5.12 million, compared to $1.77 million for long liquidations. Bullish domination develops as Solana derivatives wipe off bearish-aligned holdings.
#solana #USChinaTradeTalks #BinanceAlphaAlert #TrumpTariffs #MarketRebound $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/09/0af67ed9833d444b90224d71542a33b7.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}