Could be the start of a massive repricing for SOL. With SOL TX and DEX volume surpassing ETH L1 & L2s combined, I think CRYPTOCAP:SOL is poised to eat a lot of ETH's would-be market share, if the TXs weren't $100 a swap. Consumers are here, now, and ETH UX isn't where it needs to be to capitalize. I hold both, but more bullish on CRYPTOCAP:SOL as a go-fwd...
Seems like everyone is interested in buying the dip, but it may never come! Are you positioned, anon?
The momentum that we have been seeing is unprecedented, thanks to the ETFs fundamentally changing the game. We aren't anywhere near what will be our highs! Higher
BTC has been trading within an ascending triangle that I have documented elsewhere, and ETH seems to be beginning to copy that same pattern
If CRYPTOCAP:SOL momentum continues, we may be open air to .06 sooner than later
Bitcoin has been showcasing a remarkable performance, consistently following this strong ascending channel. Over the past week, BTC has closely adhered to this bullish trend line, signaling a potential for substantial gains in the near term, should this trend line continue to hold. Without having been invalidated on anything from the 1h-1w candles, CRYPTOCAP:BTC ...
Given the RSI, $BONK could be overbought and in for a correction down to prior support levels.