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Is $SOL finally done with the bloodbath or is there more pain coming?
It’s been a rough ride watching Solana drop from those $140 levels. Right now we are sitting at $88.15 and it feels like it’s trying to find a floor.
The $80 level seems to be acting as a decent support for now. Every time we dip near it, the buyers step in just enough to keep it alive. But look at the 24h high of $94.05 compared to where we are now. That’s a lot of rejected upside.
Volume is around 400M USDT which isn't huge for SOL. We really need to see it break back above $97 to show some actual strength. If $80 fails, the next stop is probably that $67 wick we saw back in early February.
I'm just watching the candles close on the 1D for now. No point in being a hero while the trend is still pointing down.
#GateLaunchesGateforAI