Is $82 SOL worth grabbing?

Don’t answer right away.

Just now, I checked my account, and SOL has dropped from a high of $294 to $82. Halved? No, it’s kneeled. A 72% decline, making you question life.

Six consecutive red candles. Monthly chart fully red. Fear index at 9.

Is this thing still viable?

First, look at the surface: blood flowing, chickens and dogs everywhere.

In the past 24 hours, SOL dropped another 1.38%, now at $82.19. MACD death cross, moving averages in a bearish alignment, the measured target of $73 from the head and shoulders breakdown hasn’t been reached. All technical indicators are saying the same thing: more decline ahead.

First thing: ETF funds are retreating massively.

Net outflow of 165k SOL, about $13.77 million, led by Bitwise. April ETF inflows only $45 million, the weakest week since October last year.

Second thing: Drift protocol had issues.

TVL evaporated nearly $1 billion instantly. Although the vulnerability was quickly patched, trust, once broken, is broken. Plus, with the token unlock window opening in April