Rumours appear and seem to be confirmed by on chain data that SOL has stopped transactions or creating new blocks on her blockchain. Given the centralized structure of the Solana blockchain that runs mainly from datacenters (the biggest 6 forming the majority of the network) we might(!) be in for negative price action. Do not take my word as a fact!
I am just warning now and regardless of any news SOL needs to hold the upper support trendline. If it does not hold, SOL might be in for a correction towards 140, 120 or worse below 100 usd. This wouldn't be that weird given its crazy run of the last months. Bearish divergences are punctuating a downtrend but all is to be seen whether the news is true and if traders would react to either the news or the technicals on the chart. This is my initial warning and maybe it's just all good and just some fake news. DYOR!
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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SOL following the downward trajectory… Im not bullish on SOL regardless if it moons same goes for things like Doge, BCH etc. Sure Solana has some fundamentals and technology but its way overpriced at the moment and I do not believe it will win the end game. I’m all about the end game. Thats my opinion, I’m biased like anyone else but my bias is based on my research.
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hit target 1, lets see what else this week has for us...
Not a rumour, its a fact. Go to solanabeach.io/ to validate the failed transactions and network. I guess thats what you get when you rush to market and fool the crypto space into thinking the next best blockchain was arriving. Hopefully people manage to get out in time when the network resumes
CoinAssaulter
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Maybe its a buying opportunity then. This could be fixed with an update?
NaturalPatterns
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@CoinAssaulter, sounds like a great buying opportunity, i agree
satiev1
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$70 never got re tested and then it just flew from there. We can re test $70
cryptobullethbtcxlm
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@satiev1, yes thats possibly the lowest target as of now as displayed on the chart above