SOL/USD Main trend. Cycles.Solana Super Hype. The main (long-term) trend. Timeframe 1 week. Logarithmic chart.
Coin of the famous “hedge fund” Alameda-research. Despite the useful applications and development of various applications on this blockchain, the asset (coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the basis of profits.
This clamp zone, is also an uptrend confirmation zone (the trend line is green) and at the same time acts as a huge head and shoulders neck zone.
Coin Market: Solana
line chart .
A secondary downtrend (its resistance is the red line) has been developing since the peak of the price swing, at $250 per coin (the main volume is $0.10, the chart can't display that. The Doge is smoking in the sidelines). The minimum price decline is -90%.
Every secondary trend is crazy pumping, just like LUNA was at one time.