$SOL


{future}(SOLUSDT)
This morning when I woke up to check the charts, $SOL is indeed in a pretty awkward position right now. Although there has been a slight rebound, what I feel more is the intense battle between the bulls and bears.
On-chain data isn't very optimistic—reaching 1.4 million SOL flowing into exchanges over the past three days, which is clearly potential sell pressure. And since Drift Protocol was just hacked, market panic hasn't faded yet. Technically, the daily chart looks very ugly; the lows are getting lower one by one.
Right now, the price is barely holding around 80, but I can't shake one concern: if it can't hold 77, the downside might run toward 66-70. I don't plan to aggressively bottom-fish at this level; I'd rather wait for a stabilization signal or for the right-side move to show itself before acting.
SOL4,15%
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