Right now, the situation is extremely delicate at $SOL .
We just nudged the psychological mark at 💲100, and although the asset is trying to bounce back, caution prevails in the market.
As long as the price remains below 💲130, it's too early for bulls to pop the 🍾 — there's a risk of wandering down to levels of 💲110, or even lower if Bitcoin misbehaves again.
On the other hand, the Solana ecosystem is still 'flying', and if we maintain the current positions, it’s quite possible to see a return to $150+ by the end of February.
🤓
I view this more as a test of endurance for holders rather than the end of a trend.
And what do you think: is this a good entry point or should we wait for a 'second bottom'? 🤔🤗
SOL
88
+0.61%