Hi Traders,
Given the FTT drama, one must consider the fact SOL is a massive bag for FTX/ALAMEDA.
When push comes to shove what do cryptos do in the hard times or facing need for liquidity, they dump the non-essential bags first. Hence, Sol will be happily dumped on by FTX to save FTT.
Already broken the supports so looking like a gradual freefall is in process unless FTX pulls out something massive to save FTT.
Goodluck,
Assetmastery
Given the FTT drama, one must consider the fact SOL is a massive bag for FTX/ALAMEDA.
When push comes to shove what do cryptos do in the hard times or facing need for liquidity, they dump the non-essential bags first. Hence, Sol will be happily dumped on by FTX to save FTT.
Already broken the supports so looking like a gradual freefall is in process unless FTX pulls out something massive to save FTT.
Goodluck,
Assetmastery