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Look, Solana is in free fall, and there's no need to dramatize. The price hits $80.48 and has just broken support levels that seemed solid not long ago. I know people who are scared, but honestly, the data tells a different story.
The first thing I saw was the RSI at extreme oversold levels, around 12.57. Historically, when this happens, the market tends to bounce back. Moving averages are crossed downward, and the MACD is red—that's clear. Selling pressure remains strong, there's no denying that.
What's interesting is that while retail investors are panicking and selling, spot ETFs continue to invest money. In other words, someone with serious capital is buying during this free fall. That always makes me think.
The market is divided. Some see $75 as the next support, others swear we'll return to $100 at some point. I believe volatility will remain brutal, so if you're trading, you need to have a plan.
The real question is whether this is an abyss or an opportunity. Personally, I'm watching how the price behaves at these levels. The free fall could stop at any moment or continue a bit longer. What’s clear is that SOL is giving some interesting technical signals right now.