#sol

sol is dropping again today, now it's 89u

The Federal Reserve said last week that it might cut rates at most once this year, and after that, over 700 million dollars flowed out of btc in a single day. sol got hit along with it.

So, it’s not that sol itself has any issues. It’s driven by the overall market.

The most interesting thing is that eth hasn’t really dropped this time, mainly because BlackRock just launched an eth staking ETF, which offers a 3% annual yield, and institutions are moving money into it.

Overall: there isn’t a catalyst for sol at the moment. Technically, 70 is the support level, and it hasn’t reached that yet at 89. $SOL

SOL

80.51

-2.75%

Let’s wait, no rush.