$SOL The potential of this asset, which is rightly called the "Ethereum killer", is still amazing. If you think about it, the FTX crash happened more than a year ago, and the asset has already managed to recover from the lows (~$8), update the ATH and do it before the start of the so-called altseason - this says a lot about its strength and prospects.
The indicators of the ecosystem, where stable growth is observed, are no less impressive. In addition, Sol Strategies recently applied for a listing on Nasdaq, which can become a catalyst for attracting institutional liquidity. This influx will likely become the engine for further growth of the asset. 💰
📊Chart analysis:
The chart showed a long accumulation within the 4th corrective wave, after which there was an exit, growth and update of the ATH. However, the 5th wave has not yet been fully realized.
At the moment, the asset is being corrected in the 2nd wave of a lower order, having reached the level of the golden section of 0.618 Fibonacci, where a retest of the broken trend line and 200 EMA also took place.
In the medium term, the asset is expected to grow to the level of $280.
Be careful, monitor the market movement, and, as always, plan your positions in advance!
