✴️ Solana | A Bit Harder But I'll Try...

23 Jun 2023

The situation with Solana is a bit different to what we've been seeing so far. Cardano, Chainlink and Dogecoin all look pretty standard. When a low is formed, the probability for a bounce becomes very high, specially in the phase of the current market cycle we are in.

Solana did not produce a new low 10-June compared to December 2022, instead it remains trading within a strong higher low.

Now, this is normally considered good but the recovery so far looks weak, the volume is low and so this opens the door for more correction.

This is based on the daily timeframe and a short-term perspective.

When in doubt, zoom out.

Let me show you Solana's long-term chart on a linear scale... Everything becomes quite clear:

#1 - The worst part is already over, that's for sure.
#2 - We are in the consolidation phase. Even though we have huge swings when we zoom in, zooming out we can see this is nothing compared to the bigger picture.
#3 - The current market action is nothing because you can buy at $10, $15, $20, $30 and it won't make much of a difference when Solana hits a new All-Time High at $500+ (Perspective).

Regardless of the short-term we are looking at bottom prices.

We are looking at the consolidation, in some cases recovery, phase before the next bull-market (2024 and 2025).

In 2024 the bull-market will unravel and in 2025 you will get new All-Time Highs as you saw in 2021. The ATHs will lead to the initial crash which will then proceed to become a bear market such as in 2022.

I am writing this much because I don't know what is going to happen short-term... 😅😂 Hiding behind words.

Solana is very likely to recover with the rest of the market and when it starts to go up it will be really strong because the bleeding was also strong.

Remember, long-term we are in a phase of sustained growth.

The low December 2022 is much higher than the December 2020 low and even higher compared to April/May 2020 when this was made available for trading.

So keep the bigger picture in mind.

In the future we are very likely to experience all across many new All-Time Highs.

Being able to really understand this, to grasp this information can change your life.

If you are reading this, you are extremely early and there is so much room for development and evolution, the market is still new, you are at the forefront.

These things will continue to change and evolve.

But the world will never be the same, we have a new medium of exchange.

Cryptocurrency is a great technology.

Thank you for reading.

Namaste.