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$SOL Extremely bearish!!! The latest price is hovering around $63.25.
Institutional dump:
The moment the report came out that Goldman Sachs cleared its Solana ETF holdings, it tore off the institutional facade about its stance on SOL. While the main players are fleeing, are retail investors still the ones buying the dip?
Unlocking the flood:
This weekend (around June 7), a massive release is set to unlock more than 620,000 SOL tokens. With the market already bleeding, who will absorb this wave of sell pressure?
Technical breakdown:
In just a few short days, it collapsed from 80 bucks to ruin, with no decent rebound. It is currently clinging to the $60 integer level—once it breaks below, below lies the bottomless abyss.
$SOL ’s speed really is fast, but the speed of the crash could be even faster. Next stop—$50!