Yes I am long on Solana once again. The confirmation for me is that BTC has cross the MACD signal on the Zero lag MACD on the 1 week chart and it has also had a continuously increasing strong decoupling trend from tradition market movements the last 3 months. I think we will either retrace to the $80 range of the $142 range in the middle end of October and then recorrect again back down to the lower $100s and/or then grow slowly with limited volatility from October 2023 till next summer in 2024 nominal averaging 1% to 2% growth in this period per month.
**It could also tank with the rest of the crypto market is this is just a strong dead cat bounce, but for me between the RSI and the clean breakout, this is not a dead cat bounce. This is a resurgence because the cryptocurrency market is more oversold than it has even been because the bears sold all their holdings.
**It could also tank with the rest of the crypto market is this is just a strong dead cat bounce, but for me between the RSI and the clean breakout, this is not a dead cat bounce. This is a resurgence because the cryptocurrency market is more oversold than it has even been because the bears sold all their holdings.