#1coin @1coinonsolana 20th update
If you look at the chart on Jan 11, there was no conviction buying. People panic sold hard, price dropped fast and weak hands got shaken out.
Once selling pressure eased, price bounced a bit but no one was confident enough to buy aggressively
On Jan 12, price tried to stabilise around $11-16M mcap but every pump got sold into. No structure was reclaimed.
DCA Flow data confirms it.
In the last 19 hours, DCA netflow is + $1.57k but most buys were small ($250-$500). That is cautious DCA..literally interest without confidence.
This aligns perfectly with the chart, buyers are present but not strong enough to pump price.
We think the chart will only turns bullish if size shows up and structure flips.
twitter.com/StalkHQ/status/201...
