Historically, major bull markets have always looked back every three steps. The recent rise of BTC from 63000 to 73000 seems a bit like a rush to the peak; I hope I am mistaken.
Below are some common analytical methods:
1. Fundamental Analysis: This involves understanding the Solana blockchain platform, including the project's development, management team, technological advantages, and market acceptance.
2. Technical Analysis: This mainly analyzes historical price and trading volume data to identify price trends and patterns, thereby predicting the future direction of prices. Such analysis may include trend lines, support/resistance, moving averages, MACD, RSI, etc.
3. Overall Market Environment: The prices of cryptocurrencies are often influenced by the overall market sentiment. For instance, if the entire crypto market is in a bear market, even Solana may decline despite having strong fundamentals.
4. Macroeconomic Environment: Global economic conditions, policy adjustments, and unexpected events may also impact the price of SOL.
