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Solana is in free fall, and the chart shows levels we haven't seen in a while. The price recently touched $79.54, a drop that has many panicking but others seeing opportunities.
What's interesting is what you see in the indicators. The RSI is in extreme oversold territory (12.57), which has historically signaled technical rebounds. The MACD remains in the red, but selling pressure seems to be losing strength. The moving averages confirm the downtrend, that's clear.
While retail investors are selling in fear, spot ETFs continue accumulating. It's interesting to see how institutional investors are taking advantage of these free falls in the retail market. The debate now is whether we will see the $75 or if the technical rebound will bring SOL back to $100.
Volatility at these levels is brutal. If you enter without a plan, you'll get crushed. Some expect further decline, others believe we're close to the bottom. What’s clear is that these free-fall moments create the best opportunities for those with a strategy.
What do you see in the chart? Are you accumulating at these levels or waiting for more confirmation?