Here we have an interesting chart, interesting signals, great potential as well as an interesting project.
Solana Name Service (FIDA) vs Bitcoin (BTC).
Let's start with the part you like most, growth potential.
Based on how the chart is looking, this pair can grow easily 280% and up to 465%; short- to mid-term.
We have a falling wedge pattern already breaking bullish.
A major low was hit in April and then again in August, needless to say, the action is back above the initial April low which makes this chart setup extremely bullish.
These signals are supported by very strong, rising volume.
Trading volume, buying, has been rising since mid-2023.
This is all telling us that a strong bullish breakout is getting very close.
When this breakout happens, we will see sudden, fast growth.
Namaste.