$SOL crash from 24.15 to 5.5

2 Okt 2023

#sol log chart
This is the top for SOL 24.15
Goal 5.5

4 Okt 2023

Nota

For those who are making fun here and asking where is the analysis:

Here is the trendline analysis:

If you look at Solana bull trend ( Normal chart , arithmetic scale ) not the one I used here (log chart )
It starts with a slow ascent and gradually gains momentum, curving upward at a steeper and steeper angle as it approaches its peak. This curving path takes it further away from any straight trendline drawn from two initial low points in the initial, slower phase of the uptrend. As a consequence, it topped out and have gone down a long way in a dump before its straight trendline is again touched on arithmetic scale.
This is called accelerating uptrend .
The accelerating curve is evident in Solana's Major Trend on an arithmetic chart, but when viewed on a logarithmic scale, it forms a straight trendline. In this scenario, the logarithmic scale provides more accurate trend signals.
That is why for solana trendlines analysis I chose log scale, and if anybody followed log trendlines would sell SOL once it fell below 150 $

In summary, Solana's price trajectory deviates from a linear path when viewed on an arithmetic scale, curving upward. However, on a logarithmic scale, it bends to the right, intersecting a straight line.So , the trend line I draw here is very importand and I think #SOL will fell below it and once that happen ,
SOL
will go to 5$.