Chat about $SOL and the general phases of the bull market
Currently, SOL is the strongest token besides Bitcoin, having broken its previous high yesterday, with its historical peak within reach. While Bitcoin and Ethereum were consolidating over the weekend, SOL quietly formed a large green bar. The day before yesterday, a fan told me he had 5000 SOL and was considering selling; fortunately, I advised him against it in time.
It’s clear that the focus of this bull run is on memes, and most of these memes come from the SOL chain. SOL is also the strongest in market value besides Bitcoin, so selling at this time is obviously irrational.
Let me explain again the general phases of a bull market, like and save it, don’t forget:
First, funds will definitely flow into Bitcoin first, allowing it to reach new highs. At this point, market sentiment begins to heat up, then flows into quality large-cap projects like Ethereum and SOL, further confirming bullish sentiment in the market. After that, it flows into strong altcoins, like SUI; then it’s the turn of mid and small-cap altcoins, including Shiba Inu, Dogecoin, Pepe, etc. At this point, the market enters a state of widespread frenzy, with each large green bar larger than the last, disregarding all technical and fundamental indicators. Finally, the signal of the market turning bearish appears, with Bitcoin consolidating at high levels, liquidity decreasing, and those altcoins rapidly declining, trapping new small investors at the peak. When they realize the phase they are experiencing, they will know what to do next.
Currently, the market continues to fluctuate, and the overall market is waiting for an opportunity. Remember that saying, a pullback is an opportunity for us to get in. To prepare for the upcoming market, I will be setting up a project that can achieve an independent surge, doubling is not a problem, like, comment, and share willingly.
