Fundamentals:
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. (Coinmarketcap)
Technicals:
Like a multitude of altcoins seem to be breaking a donward trendline of their corrections
With this being fundamentally bullish seems perfect to buy for the next legs up if they come
Broke trend-line, no clean back test, so if market momentum isn't too great, bids in or just above that demand zone should be good
Key resitances highlighted with local fib of the play on LHS
Cmon $SOL
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. (Coinmarketcap)
Technicals:
Like a multitude of altcoins seem to be breaking a donward trendline of their corrections
With this being fundamentally bullish seems perfect to buy for the next legs up if they come
Broke trend-line, no clean back test, so if market momentum isn't too great, bids in or just above that demand zone should be good
Key resitances highlighted with local fib of the play on LHS
Cmon $SOL
Comment:
juicy catch happy with this!