SOL failed to break ATH - page 2. | Bitcointalksearch.org

yohananaomi

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Quote from: kopijos on October 27, 2021, 11:18:16 AM

Soles still have a long way to go, don't hesitate to invest in soles. the altcoin market is not yet on sol's side, I see that currently Solana still has good development and can penetrate ATH but it will take a long time. so the position of the sole is still safe for now even though it failed to penetrate ATH

I'm just as sure as you say that sol is still just pending achieving renewable ATH, and will continue to work towards achieving it.
if we look at the chart on CG it is clear that the sol in October is better than the increase from bitcoin, this clearly indicates that there is a direction to the positive.

if bitcoin will increase again after the current correction, then it is certain that the sol will be able to reach towards renewable ATH. it is only a matter of time that soles will be able to do that and they will always remain a very attractive investment.

dogtana

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Maybe the network shutting down stopped trust in this coin.

kopijos

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Soles still have a long way to go, don't hesitate to invest in soles. the altcoin market is not yet on sol's side, I see that currently Solana still has good development and can penetrate ATH but it will take a long time. so the position of the sole is still safe for now even though it failed to penetrate ATH

ziyaaa

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Solana achieved a new all-time-high level one day ago. It reached $218. Solana has a big potential in itself for sure and we just need to be patient to witness it. It actually showed it to us already by rising at a huge rate in only one year from a level below $1 to the current one. And I believe that it has already proven how promising the project is also.

Fesatmas

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Although SOL did not reach the highest limit, at least the popularity of DOL was really taken into account by big investors. For this year alone, the project they launched managed to grab the crypto market so that it shot up in the rankings. This year was enough for SOL to prove its performance as one of the new emerging cryptos but could easily outpace the growth of other cryptos in the market.

Ararbermas

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Well yeah, I've been watching SOL to break the current all time high because for sure it will gonna skyrocketed but the results is all negative.. But I'm still lucky that i saw NEAR and Shib that showing the same pattern and tends to break out as well that time during SOL false break out, and yes the results is good so far. Probably if i just rely to SOL i missed those opportunities to buy early ASAP to have a good profits. Cheesy

so i can say that using 4 chart is a very useful technique for every traders.

ZAINmalik75

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Its right that solana missed it's AllTimeHigh but its OK don't worry soon it will hit this all TimeHigh and will.be make his new ALLTIMEHIGH around 500$.
Because many new project start to launch his project on Solana Blockchain and many of the launch their test net on solana Blockchain already. The solana nft marketplace has to began many project launch their nft on solana marketplace which is the positive sign of solana bullish. So keep eye on solana and don't miss a chance to buy in dip

leea-1334

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Quote from: Dr.Osh on October 25, 2021, 01:39:56 AM

I think, under $200 is the best price to get involved with Solana. however, for now, it looks like the price of solana will pass its ATH. at CMC, the ATH of SOL is $214.96 and reached last september. considering the current conditions that we can see that the price of bitcoin is starting to rise, and reaching its ATH as well, I think altcoins like SOL will also pump up sooner or later. So, I think there's still a chance to have SOL at this point, but the risk is still much bigger than having SOL when it's under $200.

Everything still relies on Bitcoin first,,, and I think no one has changed their mind about a new ATH close to or even above 100,000, despite the challenges now to overcome $60k

Now when that happens a LOT of people are going to sell BTC for altcoins including stuff like SOL.

Not myself a big fan but cannot ignore the hype is helping it go even higher,,,

Dr.Osh

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I think, under $200 is the best price to get involved with Solana. however, for now, it looks like the price of solana will pass its ATH. at CMC, the ATH of SOL is $214.96 and reached last september. considering the current conditions that we can see that the price of bitcoin is starting to rise, and reaching its ATH as well, I think altcoins like SOL will also pump up sooner or later. So, I think there's still a chance to have SOL at this point, but the risk is still much bigger than having SOL when it's under $200.

kotajikikox

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Quote from: djgtr on October 23, 2021, 08:49:30 PM

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH price by just $1, according to Binance.

Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

There are also several coins that recently broken the ATH and others that fails so Solana is not far from those , best to keep the hold if you are for long term but sell now if not.

The market is showing small dumping position , but if this maintain this positioning in the next couple of weeks then by December expect a massive increase in prices .

Quote from: layoutph on October 25, 2021, 12:01:53 AM

Theres nothing wrong if the ATH price doesnt break on its first try. Just take a look on SOLANA's weekly chart, MACD says it will go up. On its Daily chart, it also said it will go up. Even on its 4hrs chart the price is reversing going up. I believe it will break this resistance this month of November.

https://coinmarketcap.com/currencies/solana/

SOL is doing great still , hyping 26% in the last 7 days is good enough to expect another pump sooner.

layoutph

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Theres nothing wrong if the ATH price doesnt break on its first try. Just take a look on SOLANA's weekly chart, MACD says it will go up. On its Daily chart, it also said it will go up. Even on its 4hrs chart the price is reversing going up. I believe it will break this resistance this month of November.

asriloni

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Quote from: djgtr on October 23, 2021, 08:49:30 PM

For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

Yes it is but SOL already surpassed $200 again. I can imagine when SOL will have the same marketcap like ADA but it's too high in my opinion. Solana has limitation to growth right now and I wanna say that if investing in Solana is too late right now. Why don't you just try to pick up it when the price was trading at the bottom price instead of buying at the high price? You have a lot of chance to buy Solana so many times. It's too late to buy it right now although that's still a good coin to be used for long term hodl but i'd not recommend it to buy Solana this time. You need to pick another coin that is still having a lot of room to growth. The chance to make at least 2x from Solana was so difficult right now. It needs a major pump which will not occur anytime. In my conclusion investing Solana for this time is not a bad decision but it's not also a good decision as well. Why don't just pick top 100 CMC instead of SOL.
I know that major coins were promising but you need to consider your time.

tippytoes

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Quote from: sunsilk on October 24, 2021, 03:49:50 PM

It's because BTC has started to dip and that's common in the markets.

If SOL has failed to reach back its former ATH, that's fine. But, that doesn't mean that it can't break that ATH again. There's so much volatility that we can see in the market lately.

While we're on that, everyone should look at the idea if it's good to buy during the tops or you'll still wait for a huge dip that can happen to it.

That is very right. If you have the feeling that this can still go high, even surpass its previous ATH, why not buy while you still have the chance? Because the progress in this market is not yet stopping. And besides, SOL has gained its top 6 position, so the possibilities here are good. It is not like just crap alts that are popping out of somewhere and be gone in few months. This platform has solid foundation to begin with.

Furious 7

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Solana is still going against the grain where other coins are failing to redeem but does the increase in SOL have to be based on the decrease in BTC first? Because I have seen something like this happen twice and now where the altcoin is still in the red but the SOL is different and continues to fight back until it will reach ATH.

I'm not going to be obsessed with FOMO, usually some people come when prices are high because they see prices are different from other altcoins, so we have to keep an eye on the situation and wait for a bigger correction, and don't be lured in by the FOMO you see.

ololajulo

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Quote from: sunsilk on October 24, 2021, 03:49:50 PM

It's because BTC has started to dip and that's common in the markets.

If SOL has failed to reach back its former ATH, that's fine. But, that doesn't mean that it can't break that ATH again. There's so much volatility that we can see in the market lately.

While we're on that, everyone should look at the idea if it's good to buy during the tops or you'll still wait for a huge dip that can happen to it.

The huge. dip that will come will be when the bitcoin parabolic set in again like that of last year. The idea is to take your profits in bitcoin for most of the pump and buy back in the dip. Did we forget when SOL got the new ATH? not even in the expected altseason but I feel the development across all sector in the project will be important for the move the altseason.

sunsilk

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It's because BTC has started to dip and that's common in the markets.

If SOL has failed to reach back its former ATH, that's fine. But, that doesn't mean that it can't break that ATH again. There's so much volatility that we can see in the market lately.

While we're on that, everyone should look at the idea if it's good to buy during the tops or you'll still wait for a huge dip that can happen to it.

crzy

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Quote from: dbc23 on October 24, 2021, 03:24:28 PM

This is why traders are always adviced to halt once the price starts approaching major support and resistance in the market. Many who bought at that point will have to patiently wait for a correction move before seeing profit. Solana has been on a high price for so long and need to retrace before another bullish trend

Traders knows what to do after this, if a cryptocurrency failed fo break the resistance on the peak price we can expect for the price to correct and will go back to the support level. SOL is still a good project so eventually, it will continue to rise over time, its ATH is easy to achieve just be patient and wait more time for SOL to make a new ATH.

dbc23

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This is why traders are always adviced to halt once the price starts approaching major support and resistance in the market. Many who bought at that point will have to patiently wait for a correction move before seeing profit. Solana has been on a high price for so long and need to retrace before another bullish trend

Galley

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Solana looks too attractive to invest, no matter how hard it burns. The situation is twofold, as many have already said, XXX has already been made. And at the same time, there is still potential for growth, but this is all too risky. Therefore, it is very easy to make a mistake with the forecast. But in the near future, there should still be growth, if, as usual, Bitcoin does not bring down all our plans.

amishmanish

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100X in a year must mean something. I never quite got the hang of it with its multiple confusing wallets and the need to pay SOL to even add tokens to your wallet.

There seems to be a big enough community around it now and most importantly, an ecosystem of locked DeFi money and lending/ borrowing markets. The same thing happened with a lot of others like FTM, AVAX too but none of then showed the same kind of appreciation in price. Those of you who have been following it, what do you think the pump can be attributed to?

From what I can see, they really just encouraged a lot of these staking based allocations in multiple projects launched on the platforms like Raydium. They did all of this at the peak of hype-cycle and a lot of people ended up buying these tokens launched on token platforms. Similar to what BNB did with Pancakeswap. Now its a self-fulfilling prophecy due to the number of people already invested.

While this has worked for these projects during the bullrun, I wonder how things will be once the hype cycle stops. Do you think we'll ever see another crypto-winter like the post-2018?

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