#Solana⁩ #BullorBear #WIF #SolanaTrade

SOL is going below 170 !

Today SOL is trading at 176 and it is struggling for last few days. This is clear that SOL was over bought and a huge correction was expected.

If we analyse the chart we can see SOL has broken down many important supports and moving towards 170. It might go down to 164.

Is it only correction?

There are many reasons of the fallen of SOL. The main reason is the meme coins hype developed on Solana. A huge money flow has gone to those meme coins. We should remember that meme coins are not assets of investment and market is already ready to level the inflation.

What should I do as I have bought SOL at the top?

I would say hold it. Market always goes up and down. SOL will reach to 210 in upcoming weeks while bitcoin halving would happen. After that a huge selling pressure would come and market will go down again.

Please like, share and follow me.

If you find my post helpful, tips are appreciated.

Happy trading.