Price 128.51 USDT, today slightly up (+1.48%). But the bigger picture is gloomier:
· Over the year: -50% — half of the capitalization has evaporated.
· Over the week: -12% — strong pressure.
· Currently: RSI(6) = 32.5 on the daily chart — oversold zone.
What does this mean?
SOL has been in a strong downtrend for a long time. However, the oversold condition may provide a chance for a technical rebound.
Question for all crypto veterans and new players:
Do you see a historical opportunity to accumulate SOL at these levels, or do you think the decline isn't over yet and it's worth waiting for new lows?
🗳️ Vote and prove your position in the comments:
1. 🟢 ACCUMULATION. Buying from 126-128. Target 140+. I believe in Solana.
2. 🔴 THE DECLINE WILL CONTINUE. Selling from 130-132. Target 115-110.
3. 🟡 WAITING FOR CLARITY. Need a breakout at 132 (up) or 126 (down).
⚠️ Harsh reality: The trend is your friend. Buying against the yearly trend is a high risk. Any position requires a strict stop-loss below 125.
Has the era of SOL ended, or is this the best time to enter? Your arguments matter.
