Simplicity is key here, this is the current situation
BTC dominance - 54%
ETH dominance - 16%
SOL dominance - 3%
However..
- SOL surpassed ETH for daily active users (more people use SOL than ETH on a daily basis for trading coins and jpegs).
- SOL has the highest amount of value flowing in it coming from other chains.
- Total Value Locked in the SOL ecosystem is...
This is an updated version of my first Sol.D idea.
I've studied all top 50 alt dominance behaviour, paying attention to ETH.D behaviour and market cap, BTC.D (which may end up holding 25%) SOlBTC and SOLETH.
All scenarios tells the same story, ETH is on a downtrend just as BTC, all fibonacci channels are doing the same, and all attention is setup to ETHBTC as...
Comparing behaviour_
ETHBTC SOLETH LTCBTC SOL.D ETH.D BTC.D SOLBTC XLM.D XRP.D DOT.D LINK.D ADA.D I CONCLUDE:
SOL is overtaking ETH and ascending to 14.47% dominance by 2025 regards ANY narrative / tech / advantage / anything but the charts, oscillators and benchamark top 50 projects against btc.
SOL is the only project from 2021 reaching ATH Dominance with...
Every time when I look at this chart of SOLANA, I feel like meeting with my long earned crush. Big big long for Solana when it is going to occupy 5% of the total crypto market, can you imagine?
Looking at SOL.D
looks like a clean breakout
we can retrace the resistance trendline and notice 1 last line left (subject to perspective of course)
I imagine the first test of this line could get a rejection so if your long SOL, take some profits along the way and set your stop loss or trail your stop loss accordingly.
Not much 'analysis' to provide here as its...
SOL.D has been declining against that trendline since the peak.
Bullish divergence on the daily. Watch for the next few days to migrate back to the trendline. Then watch for exist.
MA 50/200 may cross and confirm bullish rally has begun.
Good Luck
