Giant whales smash 120,000 coins! The $160 support line is in crisis, and 5.6 million bullets hide mysteries?
The market for SOL is truly thrilling! The giant whales on-chain have suddenly stopped transferring money to the exchange. What signal is this? The sound of bullets being chambered from the 125 machine gun pool is ringing — does this mean the counterattack horn for SOL is about to sound?
The latest news is just a wave of turmoil after another!
The FTX liquidation has been confirmed! Coindesk has confirmed the report that $1.6 billion worth of SOL will be released in batches. Who can withstand this?
Are the whales coming to the "divine assistance"? Wintermute just deposited 120,000 SOL into Binance, harmonizing with the morning's massive sell-off of 188,500 coins. Can the market not tremble?
Defense lines are continuously breached! The price is sliding down like on a slide, with MA5 and MA10 breaking down one after another, and even the psychological barrier of 150 can’t be maintained. Isn't that worrying?
The technical aspect is even more gloomy!
MACD death cross accelerates downward! After the DIF crosses below the DEA, the green bars are getting longer and longer. Isn't this accelerating the decline?
Volume betrays and escapes! The current volume of 188,500 coins is more than double the 5-day average volume! It's definitely a panic sell-off!
The last bullish stronghold is at 125! This is the "iron bottom" that held three times in June. There are still 5.6 million SOL orders on-chain supporting the bottom! If it breaks here... is SOL really going to cool off?
Caught in a trap, wanting to catch the bottom? As I said, if you are confused and helpless and don’t know what to do, then follow me; guessing is not as good as paying attention!
