Hello, everyone!
Today I want to tell you my opinion about SOL possible future price action. It is obvious that Solana is a top project, the very fast blockchain with the lowest transaction fees. That's why it is so popular and demonstrated the huge growth.
Today this is very dangerous idea to buy SOL, first of all, because of the less that $0.1 price for early investors. It is more than 1500X profit for them. I think is is more than enough for them and they can start the long bear market on Solana in every moment. On the charts you can find the lowest price of $0.18, but the first token sale was with the price, as I remember $0.04! Fantastic!
Technically it also looks like the end of bull structure will be soon. We can clearly see the 1-2-3-4-5 Elliott wave structure. The current wave's number is 5. According to Fibonacci Extension, now this coin is on breaking point. The price found resistance exactly at 0.27 Fib extension. This is the point when the bears start to take the short position for the long run. If the price manage to break through $183 price level, the 5-th wave can prolong to the 0.618 Fib level ($763). It looks realistic if the Bitcoin demonstrate the terminal growth phase, as I supposed in the previous analysis. But I can give you an advice, if you are Solana holder, you can partially take profit now. If you are going to invest in SOL, it is NOT the time to do it. Risks are too high!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Today I want to tell you my opinion about SOL possible future price action. It is obvious that Solana is a top project, the very fast blockchain with the lowest transaction fees. That's why it is so popular and demonstrated the huge growth.
Today this is very dangerous idea to buy SOL, first of all, because of the less that $0.1 price for early investors. It is more than 1500X profit for them. I think is is more than enough for them and they can start the long bear market on Solana in every moment. On the charts you can find the lowest price of $0.18, but the first token sale was with the price, as I remember $0.04! Fantastic!
Technically it also looks like the end of bull structure will be soon. We can clearly see the 1-2-3-4-5 Elliott wave structure. The current wave's number is 5. According to Fibonacci Extension, now this coin is on breaking point. The price found resistance exactly at 0.27 Fib extension. This is the point when the bears start to take the short position for the long run. If the price manage to break through $183 price level, the 5-th wave can prolong to the 0.618 Fib level ($763). It looks realistic if the Bitcoin demonstrate the terminal growth phase, as I supposed in the previous analysis. But I can give you an advice, if you are Solana holder, you can partially take profit now. If you are going to invest in SOL, it is NOT the time to do it. Risks are too high!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Skyrex.io is an AI-powered platform designed to make professional-level cryptocurrency trading effortless and accessible for everyone
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
