$SOL It seems like SOL is still worth shorting. We are not even close to the bottom. The resistance levels that just formed in the last 48 hours is absolutely crazy, $137 is so strong, even after $137 $138~$142 is more harder.
There is no memecoin hype anymore, there is nothing that can actually pump solana at this point. It seems like $90 is actually achieveable now.
Even if $142 is broken, $148 is another major resistance. SOL has never had such big resistances right above the market price. Either people are finally realizing that holding SOL is not going to help them no matter how long they wait, or the whales are finally unloading the real supply.
SOL has suffered a -36% decline since its $210 peak. But this dump wasn't actually even a dump in terms of how much SOL was actually dumped and how much there are still left to dump. The only reason why it's not crashing right now is because there are not many buy orders. That's a weird thing to say, no support, but no crash? Yeah, because for coins like SOL everyone, including whales just want to cash out in the end. So when buy order stacks whales will unload a portion of their holdings, and repeat... There is no benefit, even for whales to hold solana in the long term. Why hold solana or buy at bottom when they can just buy BTC/ETH??
