Solana Ready To Breakout? | The Chart Looks Ready | CRYPTO MECHANIC on Binance Square

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Solana Ready To Breakout? | The Chart Looks Ready

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+2.40%

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Chainlink just partnered with the U.S. Department of Commerce to put official government macroeconomic data onchain. GDP, inflation (PCE), consumption,… all fed directly onchain through $LINK

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Over 1.07M ETH are currently stuck in the exit queue waiting to be unstaked. That’s a huge amount of potential supply that could return to the market soon if holders decide to sell. At the same time, around 738k ETH are lined up in the entry queue to be staked, but that’s not much of a concern since these coins are already bought they’re just shifting into staking. The real focus should be on the unstaking side, as it represents possible sell pressure once those ETH are released. What do you think?

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Someone asked me a really nice question and i am posting it here also as i think many of you may have the same thought. The question was basically: Will crypto still follow the same cycle this time, or will things change since now everyone knows about cycles? He also mentioned coins like LTC, AVAX, and FIL, wondering if they could get back to their old highs. Also, since some coins now have higher supply than the last cycle, should we look at previous ATHs in terms of market cap instead of price? My take is this: this cycle is already very different from the previous ones. In the past, almost everything used to pump together, but this time you can clearly see that only a few coins are moving while many others are just stuck. That alone tells us we can’t fully rely on old patterns anymore. Instead of stressing about what LTC, AVAX, or any other coin might do, I think the better way to play this market is to simply follow the strength. If a coin is in a clean uptrend with strong volume, ride it as long as it keeps going. When it starts slowing down, rotate profits into something else that looks ready. Also, forget the obsession with “previous ATH” prices. Many coins have higher supply now compared to the last cycle, so just looking at old price levels doesn’t make sense. What really matters is the market cap, the momentum, and where the hype is flowing. Least likely that most of these coins will go back to ATH's This bull market needs a different approach. Don’t get stuck waiting for dead coins to move go with the ones that are actually running.

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As long as $SOL Holds this zone, I think we will see $220 next and then potentially $240 depending on overall market condition. So far the chart looks great.

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$BTC Reclaimed the $112k zone that i've been sharing in my updates. As long as price hold above it i think it will run for $116k - $117k

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