SOL plunges from 103$ to 94$ — Is it a buying opportunity?
The cryptocurrency market saw a sharp correction today.
SOL/USDT reached 94.98$ , down 1.14% in 24 hours, 7.21% in 7 days, and 19.78% in 30 days, according to Binance data.
The reason is BTC’s decline to the 78,000$ level, which affected all altcoins.
According to the attached chart, we can see:
MA(7): 94.98
MA(25): 94.97
Clear selling pressure, but the 94$ - 92$ area is considered strong support.
Do you think SOL will return to 103$ soon?
I believe this decline is a buying opportunity for long-term investors, with a stop-loss below $90.
What do you think? Will you buy now or wait for a further drop?
#SOL #BTC #Solana #Crypto #BinanceSquareTurkey
The cryptocurrency market saw a sharp correction today.
SOL/USDT reached 94.98$ , down 1.14% in 24 hours, 7.21% in 7 days, and 19.78% in 30 days, according to Binance data.
The reason is BTC’s decline to the 78,000$ level, which affected all altcoins.
According to the attached chart, we can see:
MA(7): 94.98
MA(25): 94.97
Clear selling pressure, but the 94$ - 92$ area is considered strong support.
Do you think SOL will return to 103$ soon?
I believe this decline is a buying opportunity for long-term investors, with a stop-loss below $90.
What do you think? Will you buy now or wait for a further drop?
#SOL #BTC #Solana #Crypto #BinanceSquareTurkey
