$SOL Is Getting Hit Hard, But Is This Actually A Buying Opportunity?
Okay so $SOL is having a rough day again...
It's sitting around *$83-$84* right now, down about 3% today and almost 10% this week. Honestly the whole market is just bleeding after that hot CPI print.
📊What's going on with SOL
Price lost the $88-$90 zone and is now fighting to hold *$80-$82 support*
News out of China didn't help - authorities halted a Solana event in Shanghai, so sentiment took a hit
Spot SOL ETFs are still seeing outflows, around $10.6M on Nov 9 alone
On the flip side, Forward Industries just confirmed they now hold *8.7M SOL* in their corporate reserve
And RSI is starting to show a bullish divergence - price making lower lows but selling pressure looks like it's getting tired
So yeah, chart looks ugly, fundamentals still look pretty solid.
Honestly, SOL feels oversold to me right now. The chain itself is still moving fast, institutions are still stacking, and that Shanghai news feels like short-term noise. I am not rushing in, though. If $80 holds, I will start adding slowly. If it breaks, I will wait for better prices. DYOR
What are you guys doing? Buying this dip or waiting for $80 to break? 👇
$SOL
#SOL #Solana #Crypto #Altcoins #BinanceSquare
Okay so $SOL is having a rough day again...
It's sitting around *$83-$84* right now, down about 3% today and almost 10% this week. Honestly the whole market is just bleeding after that hot CPI print.
📊What's going on with SOL
Price lost the $88-$90 zone and is now fighting to hold *$80-$82 support*
News out of China didn't help - authorities halted a Solana event in Shanghai, so sentiment took a hit
Spot SOL ETFs are still seeing outflows, around $10.6M on Nov 9 alone
On the flip side, Forward Industries just confirmed they now hold *8.7M SOL* in their corporate reserve
And RSI is starting to show a bullish divergence - price making lower lows but selling pressure looks like it's getting tired
So yeah, chart looks ugly, fundamentals still look pretty solid.
Honestly, SOL feels oversold to me right now. The chain itself is still moving fast, institutions are still stacking, and that Shanghai news feels like short-term noise. I am not rushing in, though. If $80 holds, I will start adding slowly. If it breaks, I will wait for better prices. DYOR
What are you guys doing? Buying this dip or waiting for $80 to break? 👇
$SOL
#SOL #Solana #Crypto #Altcoins #BinanceSquare
