✍️ Some more thoughts about #SOL for you! I think that #SOL became the third must-have crypto for everyone's portfolio.
Some years ago you had to buy #BTC to buy altcoins, because there was no other way! No USDT pairs, no direct buying, no DeFi. That's why #BTC pumped hard (and also dumped hard): it was used as a bridge to alts and back.
Now Solana is the most popular chain for new tokens: a million fresh tokens were created since April and 64% of them are in solana ecosystem! People buy Solana to buy those millions of tokens onchain.
That's why I think that solana will get its cycle: big pump and big dump afterwards.
#BITCOIN on Weekly TF, did gave a very shallow closing below the support and quickly moved up with the momentum, making an engulfing candle and breaking the resistance too. Weekly closing above the $66,200 will be considered bullish for next week. #ATH level will be nearby for us, so hope for the best
#BTC is currently trading at the horizontal resistance level. Both the 200-day moving average (MA 200) and the Ichimoku cloud indicate a bullish trend. A candle close or a successful retest above the horizontal resistance would confirm this bullish outlook. We can anticipate a bullish move as long as #BTC trades above the MA 200.