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$SOL BREAKS ABOVE THE PIVOTAL $150 Now bulls are here not just to reclaim $200 but reach an all time high. 🚀🚀🚀 So, let's do a recap first from my previous post (thread below) to remind some big mouths that technicals are the backbone. 📢 "Solana has found its bottom." I mentioned this after the reversal took off at the support (Blue channel). 📢 "Unless it breaks above $150, it's not bullish". Had a clear stance on this particular point and it was yesterday when Sol went past $150. But traders booking profit above this level created a slight pullback in price with closing above $140 which was still a bullish indication as the volume went massive after Monday's crash. 📊 Now to break this Blue Channel (Symmetrical triangle or Bullish pennant) Sol has to undergo three hurdles: 1. The Middle Band (blue line) also the 20MA needs to be broken above. 2. Once the 1st hurdle is clear the next will be resistance at $175. This is where the price needs to stay and hold for some time to provide more stability. 3. Last but not the least the descending blue trendline. Once it breaks this hurdle, $200 will be easy peasy but it'll pull back, take support on this channel again and will march forward. Let's consider the worst case scenario as well. A pullback from this point will break it down to $150, then we have support at $140 and then a final resort on the ascending blue trendline which will be near $135. Technical Analysis is the backbone and has an above 75% impact on price. Events are the catalyst which can make or break the market. They are impactful and I'm not denying that but without TA things won't be that easy. *This is not investment advice. Do your own research before taking any trade. #solonapumping #Solana_Blockchain
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$XRP GOD CANDLE 🗿 #xrpsucess
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$XRP What On Earth Is Going On With XRP? Is The SEC lawsuit verdict out? What's happening? . . . Edited (10 mins later): Finally the day. A Hard Fought Victory ✌🏽 It's time to explode 💥🚀🚀 #XRP_ETF
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$WRX WHEN KARMA HITS YOU HARD 🚫 WAZIRX & PARTNERS FACE NCLT PETITION (Litigation) OVER $230M CRYPTO THEFT. Not a cyber attack, rather a crypto theft - This is what Gauransh Vyas mentioned when he filed the petition against WazirX and its partners including Liminal. @Thecryptoanatomy is the first to bring this breaking news update, so please don't forget to follow us, like and share this post. 📰 The petition, filed on August 5 in Indore, invokes Section 213(b) and Sec. 221 of the Companies Act, 2013. Sec. 213(b) allows any person to seek an investigation into a company's affairs if there are reasons to believe in mismanagement, malpractices, or fraudulent activities. Under Sec. 221, the petitioner can request to freeze the company's assets following an inquiry and investigation. “Emails have been sent to all the respondents notifying the same,” a source privy to the developments said. Apart from WazirX, Liminal and its directors & founders, the respondents in the petition also included the Ministry of Home Affairs through principal secretary, Ministry of Finance through principal secretary, and Ministry of Corporate Affairs through principal secretary, and serious fraud investigation office. The case was filed by a lawyer named Gauransh Vyas from Indore, as per the details available on the NCLT website. According to his LinkedIn profile, he is an associate practicing in the Supreme Court of India. A WazirX spokesperson said, “We are aware of the petition filed against us before the NCLT, Indore and we are taking necessary legal action. We strongly deny any and all allegations of fraud. Since it is an ongoing legal proceeding, we cannot discuss the details of the petition. “We will respond as per the prescribed procedure under law before the NCLT. The NCLT will decide the weight of the petition on legal grounds,” the spokesperson added. Liminal didn't respond to the media queries at the time of publishing. Any comments from the company will be updated to reflect in the article later. #WazirXHack
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$SOL HOW IT CAN DETHRONE ETHEREUM TO BECOME NO. 2 🎯 The Solana ecosystem seems to be a better play than the Ethereum ecosystem in this bull cycle and Sol itself has all the potential to become the second largest crypto currency by surpassing ETH. Here's how: 📢 The P/S Ratio The Ethereum P/S ratio is at an all-time high, while the Solana P/S ratio is at an all-time low. The Price to Sales ratio, also known as the P/S ratio, is a formula used to measure the total value that investors place on the company in comparison to the total revenue generated by the business. 📊 REVENUE ETH Revenue has been on the Deep dive since 2021, while Solana's revenue is also making all-time highs. 📊 DEX Volume The total Dex volume sharing of Ethereum is declining while Solana's total Dex volume sharing is reaching all-time highs, meaning again, Solana is taking more of the Dex volume than Eth's. 📊 Slow Transaction Speed Another big reason which has been the biggest advantage for Solana is the transaction speed. Since it's launch in 2020, a massive shift has been witnessed towards Sol. with increasing transaction volume. 📊 High Gas Fees Probably the biggest reason for Sol's success could be the much lower gas fees when compared to Ethereum. Apart from transactions, NFT's get started to mint on Solana blockchain since 2021 and have been garnering massive volume in NFT trades. Even though the ETF has officially been approved, Solana is way undervalued as it looks to be a better trade for this cycle. Also, the booming success of memecoins on Solana is the talk of the town and attracting many investors including whales as well. #Solana_Blockchain #solonapumping
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