SOL has officially fallen below $90. It’s currently at $88.9, its lowest level in two months. That big red candle on November 5 dropped 6.6% in a single day, pushing the price below the 200-day moving average. It’s down 7% over 7 days and 19% over 30 days, and has fallen 70% from its all-time high of $293. Even more painfully, institutions are fleeing too: U.S. spot SOL ETFs saw record net outflows of $71.47 million last week, followed by another $1.18 million in outflows on November 5 alone. Futures open interest shrank 8% in a day to $5.38 billion. The $10,000 worth I bought at yesterday’s closing price of $90.13 is now worth only $9,864, and the intraday high on November 7 barely reached $90.67. The RSI is at 31, nearing oversold territory. First, watch $87.21 below; if that breaks, the next level is $70.58. Six straight weeks of declines, bargain hunters lining up to hold the bag, and bears counting their money. $SOL #Solana #Cryptocurrency