$SOL Keys to the Analysis of Solana and the Sale of FTX:
Last month I shared the following opinion on tradingview
September 13 is marked for the determination of an FTX liquidation program. It seeks to liquidate $3.2 billion in cryptocurrencies, including 17 currencies. Solana stands out in FTX's portfolio with a value of $685 million. Since its acquisition in August 2020, a gradual unlock has been agreed until 2027-2028. The proposed program seeks to sell assets for $200 million per week for 16 weeks. Solana represents 20% of the total, that is, 640 million dollars. If we obtain the average volume of Solana we can see that it is around 27.8M Weekly, these data are from investing and I have taken 42 weeks for the analysis taking into account that the The average of the last 42 weeks has been 27.8 million. An increase in weekly volume of 40 million more is expected, that is, we should have a weekly volume of 67.8 million. The last analysis that I shared on YouTube mentioned that we are at the time of making this publication in the fibonnaci level .38 which works as final support of the last phase of wyckoff accumulationTo calculate the possible percentage of decline of the asset, let's first consider the current level of Solana, which is $17.71. corresponds to a Fibonacci level 0.328 and the next Fibonacci level 0.23 is located at 13 dollars, we can use this data: % Decrease =((current level - next Fibonacci level)/current level) x 100 Replacing the values we obtain: % decrease = ( (17.71-13)/17.71) exceeds the real impact on the market. Monitoring the weekly volume is crucial to understand the situation.