cryptobullethbtcxlm

Solana hit it's target, caution from here

Short
BINANCE:SOLETH   SOL / Ethereum
Solana been on a good run but did hit it's breakout target out of the W formation against ETH. I would stay cautious at this point, also because I believe it's way overvalued and just running on hype. Many superior chains with more adoption around, but that's just my opinion.

Ethereum however, still is the main chain and didn't run as of yet. I expect that to change once the alts market breaks out from accumilation. In that case we could first see some ETH dominance and alts like SOL bleeding up to 50% against it - in line with the zone of imbalance in this chart.

Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below: