ARE YOU WORRIED ABOUT SOLANA
BEARISH CASE SO HERE IS BREAKDOWN .
SOL is not going down alone - whole market is down today, but SOL is showing 3 clear reasons chart.
*1. Overall Market - Fed Minutes*
Oct 7 Fed minutes said another rate hike possible before end of 2026. BTC fell to $82k, ETH to $2.5k. When BTC falls, SOL always falls faster because it's high-beta alt. $485M left BTC ETFs yesterday - that money was supporting alts too.
*2. Your chart is bearish*
Look at your MAs:
- MA(7): 110.40 - price just above it now
- MA(25): 109.87 - price barely holding
- MA(99): 116.22 - WAY above price
Price is below MA99 = long-term downtrend. On Oct 3-6 $SOL was trying to hold 120, but once MA(25) crossed below MA(99), sellers took control. That drop from 123.76 to 105.71 is -14.5% in 3 days.
*3. Volume spike at bottom*
See that huge volume bar at 105.71? That's panic sell / liquidation. 3.16M $SOL volume today ($345M). When you see long red wick + huge volume at low, it means leverage longs got liquidated. Short-term it can bounce (which you see now 105 to 110), but that bounce is usually weak.
*What's happening now:*
110.58 is a small relief bounce after oversold. But to be strong again, $SOL needs to get back above 112.66 (24h high) and then above MA99 116.22. If it fails at 112, risk of retest of 105.71 again.
#solana
#viralmypost #ReusedBitcoinAddressesHold4.33MBTC
BEARISH CASE SO HERE IS BREAKDOWN .
SOL is not going down alone - whole market is down today, but SOL is showing 3 clear reasons chart.
*1. Overall Market - Fed Minutes*
Oct 7 Fed minutes said another rate hike possible before end of 2026. BTC fell to $82k, ETH to $2.5k. When BTC falls, SOL always falls faster because it's high-beta alt. $485M left BTC ETFs yesterday - that money was supporting alts too.
*2. Your chart is bearish*
Look at your MAs:
- MA(7): 110.40 - price just above it now
- MA(25): 109.87 - price barely holding
- MA(99): 116.22 - WAY above price
Price is below MA99 = long-term downtrend. On Oct 3-6 $SOL was trying to hold 120, but once MA(25) crossed below MA(99), sellers took control. That drop from 123.76 to 105.71 is -14.5% in 3 days.
*3. Volume spike at bottom*
See that huge volume bar at 105.71? That's panic sell / liquidation. 3.16M $SOL volume today ($345M). When you see long red wick + huge volume at low, it means leverage longs got liquidated. Short-term it can bounce (which you see now 105 to 110), but that bounce is usually weak.
*What's happening now:*
110.58 is a small relief bounce after oversold. But to be strong again, $SOL needs to get back above 112.66 (24h high) and then above MA99 116.22. If it fails at 112, risk of retest of 105.71 again.
#solana
#viralmypost #ReusedBitcoinAddressesHold4.33MBTC