What does a market look like when every floor that's supposed to hold, doesn't?
I've watched SOL answer it all month. Early November: $100 gone. November 8: $92.37 and the 200-day gone. Tuesday: $84.72 lasted less than a day. Today: $80 broke — lowest since mid-August — low $77.92, now near $80.70.
Closes: $83.35, $83.28, $81.72 — each one lower, five sessions down 7%, 30 days down ~24%. SOL is ~35% below October's $124.80 high; the 50-day EMA just crossed under the 200-day EMA, price under both.
Daily RSI near 21, deep oversold — yet every oversold bounce this month got sold anyway. Bitcoin's near $69,000, fear at 20, $1.4B liquidated in a day — SOL isn't falling alone.
The levels I'm watching: $77.92 is today's low, $73.82 next down, $81.50 the reclaim. A daily close under $77.92 ends the grid. A reclaim of $81.50 says the sellers blinked.
Drop the level you're watching most — $77.92, $73.82, or $81.50 — and tell me why.
NFA, DYOR.
$SOL $BTC #Solana #SOL #BearMarket #MarketCrash #SolanaAnalysis
I've watched SOL answer it all month. Early November: $100 gone. November 8: $92.37 and the 200-day gone. Tuesday: $84.72 lasted less than a day. Today: $80 broke — lowest since mid-August — low $77.92, now near $80.70.
Closes: $83.35, $83.28, $81.72 — each one lower, five sessions down 7%, 30 days down ~24%. SOL is ~35% below October's $124.80 high; the 50-day EMA just crossed under the 200-day EMA, price under both.
Daily RSI near 21, deep oversold — yet every oversold bounce this month got sold anyway. Bitcoin's near $69,000, fear at 20, $1.4B liquidated in a day — SOL isn't falling alone.
The levels I'm watching: $77.92 is today's low, $73.82 next down, $81.50 the reclaim. A daily close under $77.92 ends the grid. A reclaim of $81.50 says the sellers blinked.
Drop the level you're watching most — $77.92, $73.82, or $81.50 — and tell me why.
NFA, DYOR.
$SOL $BTC #Solana #SOL #BearMarket #MarketCrash #SolanaAnalysis
