Everyone is asking what happened today, especially with currency $SOL and $NEAR .
Guys, the sudden and violent drop you saw on $NEAR and the rest of the alternative coins’ main cause was a collective sell-off wave led by Bitcoin. This led to a slaughtering/forced liquidation of futures and leverage positions worth hundreds of millions within minutes. On the platforms, orders are being sold compulsorily to cover trades—that’s what created the waterfall look in the chart.
Whales and big investors are eagerly waiting for prices to accumulate; the coin is strong, its sector is golden, and the technical indicators (RSI) have entered historically oversold zones. Now it’s a game of patience and time.
(Disclaimer: this is my technical opinion and not financial advice)
And yes, man, regret won’t help—most important of all, all indicators confirm an expected rebound upward. I just wish you had waited and let the coin/altcoins drop even more.)
Guys, the sudden and violent drop you saw on $NEAR and the rest of the alternative coins’ main cause was a collective sell-off wave led by Bitcoin. This led to a slaughtering/forced liquidation of futures and leverage positions worth hundreds of millions within minutes. On the platforms, orders are being sold compulsorily to cover trades—that’s what created the waterfall look in the chart.
Whales and big investors are eagerly waiting for prices to accumulate; the coin is strong, its sector is golden, and the technical indicators (RSI) have entered historically oversold zones. Now it’s a game of patience and time.
(Disclaimer: this is my technical opinion and not financial advice)
And yes, man, regret won’t help—most important of all, all indicators confirm an expected rebound upward. I just wish you had waited and let the coin/altcoins drop even more.)