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SOLANA was on a pretty good tear there for a while. It formed a massive rising wedge which it broke to the downside. The measured move off this wedge is at least around $4. After that SOL will have a dead cat bounce/ suckers rally before it drops out of site like LUNA did. This chart looks terrible to me, I would be worried if I was holding SOL. Its about to break down closer to what it is worth, right now SOL is extremely overvalued in my opinion. If you're holding SOL just be cautious. This is not trading or financial advice this is just my opinion..
SOLANA was on a pretty good tear there for a while. It formed a massive rising wedge which it broke to the downside. The measured move off this wedge is at least around $4. After that SOL will have a dead cat bounce/ suckers rally before it drops out of site like LUNA did. This chart looks terrible to me, I would be worried if I was holding SOL. Its about to break down closer to what it is worth, right now SOL is extremely overvalued in my opinion. If you're holding SOL just be cautious. This is not trading or financial advice this is just my opinion..