Capital will rotate back into Solana and Solana coinsWithout a doubt in my mind Solana was the altcoin that led crypto out of the bear market. In many metrics it has become the best performing chain. Raydium, Jito, Jupiter and others inc Phantom have be key players in this.
Now capital is clearing rotate away from the gains made in Solana to non Solana areas. Perhaps we see further rotation throughout crypto before either rotation to BTC or USD. Should rotation be BTC then I believe Solana could follow closest. Moving into prime position as leading altcoin in rotation this cycle.
Of course should Solana get this position again for next BTC leg up (whenever that is) then the Solana coins like RAY, KMNO, MNDE and others are likely to follow.
MNDEUSD
MARINADE ( MNDE ) ON THISI was just looking at the MARINADE MDE-USD COINBASE chart and had a hard time thinking this is the top.
What does the volume tell you?
Where is support?
Where is resistance?
Does a trade make sense?
What timeframe are we basing actions on?
Just a few of the things I think about. Because the BTC ETF decision is so close, I'll be quick to cut any trade. Always use stop losses.
Not financial advice :)
Cheers!