$SOL 91.51. Back here for the first time since August 20.
These three points don't matter.
The real break came at 92.66.
The daily candle on October 29 dumped 2.755 billion, twice the previous day's volume. The price fell from 102 to 95 in two days, then gave back four days of gains in a two-day rebound.
The 90.82 low in the early hours today gave back the entire four-day rebound. Over the same period, $BTC fell just 2%; this one dropped much harder.
Support is at 87.63, the closing price on August 20. Holding there would mean catching a breath after the sharp drop. If it falls below 87.63, the starting point of August's rally comes into view.
What's not adding up? The holdings table. I can't tell whether this is rotation or an exit. Holdings are actually up 2.5% today. The volume and money are there, but the direction is still completely unclear.
Keep an eye on 87.63. Don't rush to sell at the bottom.
Are you still holding $SOL ?
Source: https://fapi.binance.com/fapi/v1/klines?symbol=SOLUSDT&interval=1d
These three points don't matter.
The real break came at 92.66.
The daily candle on October 29 dumped 2.755 billion, twice the previous day's volume. The price fell from 102 to 95 in two days, then gave back four days of gains in a two-day rebound.
The 90.82 low in the early hours today gave back the entire four-day rebound. Over the same period, $BTC fell just 2%; this one dropped much harder.
Support is at 87.63, the closing price on August 20. Holding there would mean catching a breath after the sharp drop. If it falls below 87.63, the starting point of August's rally comes into view.
What's not adding up? The holdings table. I can't tell whether this is rotation or an exit. Holdings are actually up 2.5% today. The volume and money are there, but the direction is still completely unclear.
Keep an eye on 87.63. Don't rush to sell at the bottom.
Are you still holding $SOL ?
Source: https://fapi.binance.com/fapi/v1/klines?symbol=SOLUSDT&interval=1d
