Solana poised to take off soon
Hello fellow traders. Just a comparison to a previous bear market Sol was in, and I noticed there's a bit of similarity to how its structured.
Not saying this is the bottom, but if past history will rhyme this time, we might see some bullish sentiment take over. Also note the rising MFI and falling price, indicating that the selling pressure is decreasing and gives us a clue that a turn in the market might be close.
Sol currency can be used to purchase NFTS for many projects. Seeing that NFTs are seemingly taking of in the metaverse, this alt coin seems undervalued as it stands today.
Comment your opinions! Good luck and set stop losses!
Not saying this is the bottom, but if past history will rhyme this time, we might see some bullish sentiment take over. Also note the rising MFI and falling price, indicating that the selling pressure is decreasing and gives us a clue that a turn in the market might be close.
Sol currency can be used to purchase NFTS for many projects. Seeing that NFTs are seemingly taking of in the metaverse, this alt coin seems undervalued as it stands today.
Comment your opinions! Good luck and set stop losses!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.