SOLUSD
SOLANA DUMP INCOMING
Why?
- USD Strength
- Weekly uptrend line broken
- Leaving Mod-Schiff Fork
- Weekly MACD Bearish Cross
- Weekly DMI Bearish Cross (Pending)
Don't let the log-scale chart fool you.
We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high)
That's a 50% - 70% drop from current levels.
Short it.
Fat_Fat
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Weekly MACD Bearish Cross
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Weekly Ichimoku Cloud is looking bearish
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50-70% percentage decline
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There are rumors circulating about a potential liquidation of FTX SOL holdings....
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Approximately $128 Million USD value in Solana currently owned by FTX.