now here’s another example for #solana …
many people are saying that the market is going for a year long bear market and prices of #ALTS will retrace another -90% to - 99% from here…
so i wanna one thing… or a comparison from its previous cycle and current conditions,,,
here’s previous cycle view👇🏻
in 2021 when $SOL topped it retraced -96.81% since its 2021 ATH… then it tapped the 0.382 - 0.5 fib area when its weekly rsi tapped oversold zone around 30 level….
its price difference for retracement was around -45% it tapped 0.5 fib tapped around 8$ - 9$ from 14$ then reversal for another cycle to 295$ ATH….
it means if a coin/token has use case and potential then weekly RSI marks the bottom….
now here’s a current cycle view…👇🏻
$SOL marked its last ATH in january 2025…. and it just retraced -76% since then… but its weekly rsi is around 30 level… (oversold area same like previous cycle)
if it follows same scenario like previous cycle then it should the scenario where it can bottom around 74$ (already tapped) to 48.91$….
(possibly it can tap the 31.99$ area for potential 0.618 fib test but RSI is already oversold so i cant say anything about that deep retracement)
i just wanna know like if bear market (what you guys believe started just now “NOT ME GUYS” i’m talking about you) will complete around oct 2026 then why weekly RSI tapping oversold area right now… and not like previous cycle when price retraced more than 96%…
answer me… i wanna know…😑
personally i just wanna say its time for accumulation/DCA in every big dip instead of selling…
because majority is bearish and i love to go against majority…
in the end its on you like what you wanna do with your money or what you dont to do…
i’m here for making money… so i’ll make… ✌️
and yeah i just took Sol as an example if i have/buy Sol on these prices then it will not more than 3% of my total portfolio… i have another big potential coins where i can invest…. instead of Sol
