Binance has recovered to 98%. Over the past couple of days, the strongest rallies have come from the ones that were weakest before, like SOL.
Since the hack, SOL had been the ugliest performer. Yesterday at noon, it got dumped to 90.94, even lower than the 91.44 I mentioned the day before. I said then that if it broke below that level, stay away—and it did break.
But once Binance wrapped things up and the election rally kicked in, SOL turned around and took off. It surged to 96.67 overnight and is now at 95.78 USDT. It has also reclaimed the 94.9 level I mentioned the day before.
In the days after the hack, everyone was worried Binance wouldn’t be able to handle it. Now that the funds have been replenished, and its proof of reserves covers 44 coins, those fears have faded. What people had dumped is now being bought back.
Senior Brother’s take is that SOL has turned bullish. If it holds on a retest of 94.9, you could consider entering, with 96.67 as the first target. If it falls back below 91.44, stay away. #币安安全事件恢复进展：98%被盗资产已回填 $SOL
Since the hack, SOL had been the ugliest performer. Yesterday at noon, it got dumped to 90.94, even lower than the 91.44 I mentioned the day before. I said then that if it broke below that level, stay away—and it did break.
But once Binance wrapped things up and the election rally kicked in, SOL turned around and took off. It surged to 96.67 overnight and is now at 95.78 USDT. It has also reclaimed the 94.9 level I mentioned the day before.
In the days after the hack, everyone was worried Binance wouldn’t be able to handle it. Now that the funds have been replenished, and its proof of reserves covers 44 coins, those fears have faded. What people had dumped is now being bought back.
Senior Brother’s take is that SOL has turned bullish. If it holds on a retest of 94.9, you could consider entering, with 96.67 as the first target. If it falls back below 91.44, stay away. #币安安全事件恢复进展：98%被盗资产已回填 $SOL
