Crypto Patel

🔻 SOLANA Urgent Update: FTX Sells $230M in Solana Tokens Amid Recovery Efforts

🔰 SOL Sale Details:

🔸 Amount Sold: 1.8 million #Solana tokens

🔸 Buyers: Galaxy Trading and Pantera Capital

🔸 Price Range: $95 to $110 per token

🔸 Unlocking Period: 4 years

🔰 Market Chart Analysis Update:

🔸 Current Chart Analysis: $SOL is showing bearish signs, struggling to maintain above $127.

🔸 Potential Downside: If it breaks below $127, prices could drop to between $70-$80.

🔸 Historical Note: #SOL was priced at just $8 about a year ago.

🔸 Important Note: Keep an eye on the red trend line; crossing it could mean Solana becomes super bearish.

🔰 Discussion Point:

Could Solana hit $50? What are your thoughts given the current market conditions and recent sales?

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