Solana's Critical Situation (Consider Smaller Altcoins, Charts) The situation with Solana is critical. I repeat, the situation is bad...
Good day my dear friend, this might be the last time I can alert you of this chart; all focus will now go toward those altcoins that are a great buy and moving up.
Let's approach this from a different perspective.
In the last few days, or weeks, many altcoins have grown 2-3X. That is, we have pairs growing 30-60% on the first day, and continue growing to reach 100%, 200%, 300% or more within a week or so. This is after the 5-August market crash.
If you consider Solana, Bitcoin, Ethereum, and the rest of the Crypto-giants, they haven't done anything.
Solana has been sideways, with a bearish bias (lower lows and lower highs) since mid-March 2024.
Consider this, if you were holding Solana, or Bitcoin for that matter, with an expectation to see growth, you would have zero growth in the past five plus months. These Crypto-giants are now moving within a distribution phase.
Let me give you an example, look at this ADA chart:
Notice that its price is trading around the same level at which it traded back in November 2023. Others are trading at the same lows as June 2022, etc. (low prices compared to the last bullish wave peak.)
Now, consider Solana, or Bitcoin for that matter, and they are trading at the same level they traded in March 2024. Do you understand?
These are trading near their All-Time Highs.
While all the other pairs moved ahead, went first, and produced a full correction, these giants are taking longer but will do the same.
It works in reverse:
Some altcoins moved first in the last bullish-wave, the rest of the market followed.
Some altcoins went first in this corrective-wave, the rest of the market does the same.
I will give two other examples: BLUR and CURVE (notice the bottom prices):
What about NULS? Notice how low it trades, same as back as in October 2023; from down, it moves up:
From up, it moves down.
Another example, Gala Games:
It produced a very strong bullish wave followed by a very strong correction and now it trades near its "long-term support." That's it, that's the dynamic.
Once support is hit, they can grow again. But when they trade really, really high... These are set to crash before the next bullish wave.
Focus on the smaller altcoins.
Focus on those with a low prices.
That is just a piece of friendly advice.
You can tell something is up because the small ones are growing three digits while the big ones are doing nothing at all.
The big ones will drop one bit, the smaller ones grow even more.
When the big ones produce their crash, the smaller ones will reach their top.
After the next major low... Prepare for bull-market 2025; buy and hold; new all-time highs all across.
Namaste.
