SOL failed to break ATH - page 3. | Bitcointalksearch.org

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

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?

https://cryptorank.io/ico/solana
Do you really think that after such XXX it is worth investing in this coin. Of course, if the bull market for altcoins starts, the price may rise to $ 400, but you need to have time to sell this coin.
I think this is a very risky investment if you do not plan to become a long-term holder.

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

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?

For now I think its better to wait the retracement since its way more wise to let it dump for a lower price than ape with a very high price. We all knew there will be a backtrack on its price as btc is quite volatile and not sure if this will continue and it will be affecting alts position too.

Jackl87

sr. member

Activity: 1722

Merit: 269

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?

I am not a pro trader as i am more a hodler type of investor, but if you ask for my personal opinion, then i would definitely not invest into solana now. The reason for that is pretty simple. If you look at the charts at coinmarketcap or coingecko then you will see that Solana started trading below 1$ last year, which means that everyone that invested back then already have made more than x250 of it's initial investment and people that invested into the seed or private sale of solana have made even more and i usually don't invest into projects, that have already made a 100x or more as it think the room for another x10 or even more is maybe not thee anymore.

samuraijin

sr. member

Activity: 1722

Merit: 261

20BET - Premium Casino & Sportsbook

i think for this year the moon is only for bitcoin only and it looks like altcoins are hard to go to the moon, i'm not saying SOL is bad, i also have a few but it seems hard to go through another new ATH price seeing currently bitcoin is dominating the market

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

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?

Oh well, it's just 1$ shy of it's all time high, so we might considered it as a good rally in recent days same as bitcoin. And no doubt that it can surpass it next month when we have another good and super fast rally like this month.

Best time to invest obviously is when the price didn't even reach 10$. However, it's not too late, who knows maybe it can still gain so much right after 2021 because the project is really solid.

Rahman11

sr. member

Activity: 1428

Merit: 250

Key Support level: $192, $177

Key Resistance level: $216

The mentioned above pennant is marked blue on the following chart. The current all-time high of $216 will continue to act as SOL’s next major resistance area. Since then, SOL has found support on the $192 level. If the price decides to correct further, then the next support level is located at $177. Considering the massive momentum of the recent rally, a consolidation is reasonable.

ardydyon

full member

Activity: 547

Merit: 110

solana surprises with a significant price increase in a relatively short time. if you look at the projects they have developed
this increase is reasonable. Solana is a highly functional open source project that uses permissionless blockchain technology to provide decentralized finance (DeFi) solutions. While initial ideas and work on this project started in 2017, Solana was officially launched in March 2020 by the Solana Foundation
The Solana protocol is designed to facilitate the creation of decentralized applications (DApps).
With a clear and growing project, I think now is the right time to buy solana and invest for the long term, because solana is still able to keep the price going up.

adaseb

legendary

Activity: 3808

Merit: 1723

What do BTC, ETH and SOL all have in common? Double top.

Yes BTC broke but it’s going to close under ATH on the weekly. SOL had a crazy year, I think it was like $1-2 last October so it’s pretty impressive to get a 100-200x in such a short time.

Will it break ATH? It still could. A lot of it depend what happens to BTC in the next few weeks, if it starts to act bearish then everything will start to sell off.

djgtr

sr. member

Activity: 951

Merit: 250

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?

Topic: SOL failed to break ATH - page 3. (Read 378 times)