Former BitMEX CEO Arthur Hayes Buys the Dip on SOL After 500% Rebound, Despite Overbought Signals
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Arthur Hayes, former CEO of BitMEX, recently bought SOL token after it rebounded 500% from December lows.
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Purchase came after VanEck predicted 10,600% rally for SOL price by 2030.
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SOL gained 80% in October, reaching 14-month high around $46.75, where Hayes likely bought.
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Despite rally, indicators show SOL is overbought and could face 30-50% correction in November.
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Key support levels to watch are $30 and $26 if correction plays out.