SOL Spot ETFs Attract $6.8M Inflows While BTC and ETH Remain Stagnant
SOL Spot ETFs Attract Significant Inflows: On November 10, Solana (SOL) spot ETFs recorded $6.8 million in inflows, indicating strong investor interest and confidence in the asset amid growing altcoin adoption.
Modest Inflows for Bitcoin: Bitcoin (BTC) spot ETFs saw minor inflows of $1.2 million, suggesting a potential shift in investor focus towards high-performing altcoins like Solana, despite BTC's dominance in the crypto ETF market.
Stagnation in Ethereum ETF Inflows: Ethereum (ETH) ETFs experienced zero inflows on the same day, reflecting a pause in momentum attributed to regulatory uncertainty and a lack of immediate catalysts for investment.
Divergence in Investor Sentiment: The current ETF flow data indicates a growing divergence in sentiment among the three major cryptocurrencies, with Solana gaining traction while Bitcoin and Ethereum show signs of stagnation.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000203 | 0.000249 | 0.000292 | 0.000338 | 0.000381 | 0.000427 | 0.00047 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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