This is how I interpreted SOL price action.
After exactly 1 year Solana is trading back to its previous most reasonable levels (DEMAND ZONE). The amazing bull run that lasted more than 50 days was due to different times and different reasons, but mostly irrational "exuberance" (SOL was said to be the ETH KiLlEr, but come on, coexistance and multi-blockchain will be a key factor for the future of crypto).
Even though I'm a long term HODLER for SOL, I believe most likely target (trade wise) will be that 80$ area.
Trade safe :)
After exactly 1 year Solana is trading back to its previous most reasonable levels (DEMAND ZONE). The amazing bull run that lasted more than 50 days was due to different times and different reasons, but mostly irrational "exuberance" (SOL was said to be the ETH KiLlEr, but come on, coexistance and multi-blockchain will be a key factor for the future of crypto).
Even though I'm a long term HODLER for SOL, I believe most likely target (trade wise) will be that 80$ area.
Trade safe :)