🚨 SOLANA: Is it a real rebound or a bull trap? 📉📈
$BTC
Attention, community! Today the outlook of $SOL is one to keep an eye on. After hitting lows we haven't seen in months ( flirting with $68 - $70), Solana is struggling to recover the $80 level.
What's happening right now:
Key recovery: Solana has managed to bounce back +3.8% after a brutal drop. Recovering $80 is vital to avoid a further drop towards $68 or even $50.
Extreme fear: The "Fear and Greed" index is at very low levels (12 - Extreme Fear). Historically, these are the moments when the best opportunities arise! 🛒
Institutional data: Despite the price, Solana ETFs recorded inflows of $2.82M yesterday. Institutions continue to accumulate while retail hesitates. 🏦
Levels to watch today (February 6):
🚩 Resistance: $92 - $96 (If we break this, we can dream again of $100).
🛡️ Support: $76 and the psychological "floor" of $68.
The question for you: Is this the time to do "DCA" (dollar-cost averaging) or do you think it still has to drop more before the real rise? 👇