The $SOL ‌ chart is looking like a straight up waterfall right now.


I honestly didn't think we'd see 81.36 this fast. We just fell off a cliff after that weak attempt to hold 85.00 and there is zero buyer confidence on this hourly timeframe. We are basically sitting on the 24h low of 81.26 and if that gives way, the next psychological floor is all the way down at 80.00.
The volume is heavy at 264M USDT which shows this isn't just a low liquidity slip, people are actually exiting positions. Every little green candle is getting snuffed out before it even gets a chance to breathe.
I’m watching the 81.20 area closely. If it holds, we might see a dead cat bounce to 83.00, but if we lose 81.00, things are going to get very ugly, very quickly. I'm keeping my hands in my pockets for now.

#USOCCIssuesNewStablecoinRules
SOL-5.49%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)