Smart man, always go against the heard who all chase pipedreams looking to build a castle in the sky with a shaky foundation of SOL. I'm not interested until 90 % retracement.
rico1995
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I agree with this thinking, 200x in 10 months? and then there is margin??? SOL will get a cooldown / resting period if you bullish greedy degens want it or not..
MYCRYPTOGOD
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Most people posting charts are retail traders who haven’t yet been vetted by a reputable source. Take their ideas with a bag of salt
benjihyam
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@yahm636, let's see how it plays out...
burblycoo
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The reason solona has been soaring is because it's undervalued. It will drop after it hits 220 but not much. It should have a support level of 180 and will continue to be bullish in the long run until it hits $350 in the next few months.
@benjihyam, Totally my own analysis. :D You must have seen how resistant it's been in the past few days having a support level of $180 as I said. It almost never dropped below $180. If you haven't bought any, I suggest that you buy some. it should hit around $235 within a week and establish another support level of probably $210. Let's see if I'm accurate but don't ever expect it to drop to this price again unless all coins drop together.
benjihyam
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@burblycoo, I don’t base my decisions off of hopes and dreams. Only the charts. I don’t see things playing out that way and would never buy at these levels— there are much better setups to play than buying an asset that went up 200x already. Good luck though and hope you’re right.
burblycoo
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@benjihyam, I study both the chart and the value of the crypto itself. The reason I said Solana has potential and has a strong supporting level is because the transaction speed is the fastest right now in comparison with Ethereum or ADA and it also already has smart contracts in place which means developers can already start building with this environment. I can give you an analogy. Look at ETH, SOL, ALGO, etc. as a city waiting to be built. ETH already has a lot of shops and streets in place but they are not running as efficiently as the newly built city which is smaller but can do transactions much faster like SOL which only launched last year April if I remember correctly. People have just discovered a new city and that's why people are highly interested. ADA is just an empty land which is about to launch the smart contract on 9/12 which will give it a small surge. After that, developers can start building on ADA. But since the market cap for ADA is much higher than SOL, it may increase slower than SOL if you want short gain; however, once ADA gets the upgrade maybe in the next year or two, it will be the fastest one and may have more potential. For now, we can sit back and relax to watch all crypto surge over this weekend! :D Good luck to you!
benjihyam
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@burblycoo, I don't really care about fundamental reasons for why it should be valued higher... price often deters from fundamentals. So far, price action seems to be favoring my interpretation of the chart, but let's see how it plays out over the coming weeks/months.