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Everyone is panicking, but are they looking at the right level?
$SOL has been taking a beating all day. We’ve just been making lower highs since that $128.74 rejection, and it honestly felt like it was heading for a total breakdown.
But check the bounce at $122.04. The buyers finally stepped in there to keep things from getting ugly. Right now we're hovering around $123.96, trying to claw back some ground.
If we can’t flip $124.65 back into support soon, this is just a dead cat bounce before another drop. I’m watching the next few hourly candles to see if the volume actually picks up or if this is just a fakeout.
#GateChristmasVibes