In summary, Solana is all about psychology. It's a powerful coin, and if you think of it like Bitcoin, you'll understand the potential to benefit when it hits new highs—but patience is essential!
Currently, Solana has just exited the overbought zone. We see greed in the market, with more short sellers than long. The next target for Solana could be 164. If it holds this level, that's positive, but if not, we could see further downside.
If you're planning to invest in Solana, ensure your margin is significant, as it may take months to see substantial profit. Small margins won’t yield much, so if you're buying in the spot market, consider a "buy and forget" approach and check back after a few months.
With recent developments, Solana now has the potential to break its all-time high. There’s also talk of an ETF for Solana; if that's true, we might see it headed to Mars! After all, "to the moon" is an outdated term.
Recently, I did an analysis on Solana, you can check, there's a quoted post below!!
⭐ Suggestion By @Sergio Trivitt eYaI To Analyze $SOL Future!
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