SOL price action is not looking good right now BINANCE:SOLUSDT
So it's been while after ftx collapse Sol was in pressure due to alameda research holding of 300+ million worth of usd. people were afraid to hold solana so people dump their Sol holdings.
after that initial dump Sol formed another decending bearish triangle which isn't looking good for now.
the price is going much much lower, i think the sol bottom is going between $4-8. so investing in sol at this point is really dangrous at this point. initially i thought the Sol bottom was 23 but after ftx everything changed.
Note: in the long term sol is still in the good position. buying sol below 10$ is dream of many. it will give us atleast 20x return in the next bull run. which is not bad if you think like that.
p.s only invest what you can afford to lose.
