The assumptions from the previous post are absolutely correct at the moment. There we saw bitok at 98k, now its price is 96k.
It feels like it is being driven into a flat of 99500-100000 — 92000. Just right before the New Year to fiddle back and forth. And why not? Or still go to 88000-90000, taking the wick and liquidity.
Or, a breakout from the current upwards to a local high somewhere around 104k. Which is extremely unlikely, but possible. It doesn't fit somehow. Will drag dominance along with it again. And all this will be unclear why.
Yesterday, everyone was caught up in the chaotic euphoria regarding the fierce buyback of Bitcoin after another drop, when we dipped to 93 and bounced back to 98.
But the crux of the matter is that this exit was, rather, false. Several factors testify to this. - No arrival in the bounce zone according to Fibonacci. - Lack of a retracement and correction of at least 40% after a prolonged uncorrected rise. - Unbroken support wicks (in the last approach, even the extreme was not broken at 93). - And a huge pile of liquidity that was not taken at 92000.
It turns out that at the moment we have a flat with false breakouts, where we did not reach the bottom.
I expect a move to 90-89k in the near future. And only then growth and a new ATH.
Spot. Flight is inevitable. $1000rats. Easy carefree X's. Minimum x2 at a quick start. Easy x4s in the long run. The coin just bounced off the bottom. It has nowhere to fall. And there's a bull ahead. Only up here.
The year 2024 has been triumphant for Solana with 6.4 million active users and a year-over-year growth of 5242%. Second place goes to TRON $TRX with 2.3 million daily users, while BNB Chain $BNB rounds out the top three with 1.1 million.
The top 10 also includes networks such as Aptos, Ronin, Celo, Polygon, TON, Bitcoin, and Ethereum. All, except Ronin, have actively grown this year.