CryptoClan
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Bullish
💥 $SOL : $1 BILLION for buyback! The largest SOL company is launching a buyback program
20 hours ago, news broke that shook the crypto community: Forward Industries (the largest holder of Solana) launched a buyback program for $1 BILLION!
And you know what happened to the price? It... dropped from $229 to $151 in a month (-31%). Paradox? Let's break it down.
Facts without embellishment:
Current price of $SOL: $151.84 A month ago (October 7): $220.48 24-hour trading volume: $5.6 billion Critical support: $160
Yesterday (November 6) Seeking Alpha: "Heavy capital outflow signals deeper selling pressure."
BUT!
Crypto NL forecasts $600 for $SOL in 2025, saying: "SOL will repeat the BNB pattern - the setup is almost identical."
And now the million-dollar question:
When a company spends $1 BILLION on buying back its own tokens during a market downturn - is it a sign of confidence or desperation?
Forecasts are divided: from conservative $180-$220 to aggressive $500-$600. Nasdaq even published an article "3 reasons why Solana could reach $500+ in 2025."
Moment of truth:
$SOL holds the key level of $160. A breakdown below = a path to $130. Holding = a possible bounce back to $200+.
#Solana #CryptoBuyback #SOL #BinanceTrading #AltcoinSeason
{spot}(SOLUSDT)
20 hours ago, news broke that shook the crypto community: Forward Industries (the largest holder of Solana) launched a buyback program for $1 BILLION!
And you know what happened to the price? It... dropped from $229 to $151 in a month (-31%). Paradox? Let's break it down.
Facts without embellishment:
Current price of $SOL: $151.84 A month ago (October 7): $220.48 24-hour trading volume: $5.6 billion Critical support: $160
Yesterday (November 6) Seeking Alpha: "Heavy capital outflow signals deeper selling pressure."
BUT!
Crypto NL forecasts $600 for $SOL in 2025, saying: "SOL will repeat the BNB pattern - the setup is almost identical."
And now the million-dollar question:
When a company spends $1 BILLION on buying back its own tokens during a market downturn - is it a sign of confidence or desperation?
Forecasts are divided: from conservative $180-$220 to aggressive $500-$600. Nasdaq even published an article "3 reasons why Solana could reach $500+ in 2025."
Moment of truth:
$SOL holds the key level of $160. A breakdown below = a path to $130. Holding = a possible bounce back to $200+.
#Solana #CryptoBuyback #SOL #BinanceTrading #AltcoinSeason
{spot}(SOLUSDT)
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