$SOL
What if SOL pulls a 2022 ETH and bottoms months before BTC?
It's an outcome I'm becoming increasingly open to.
The one level I'm watching is the 21-week EMA (green), currently sitting around $85.
The last time SOL reclaimed it during a bear market, the cycle low was already in.
One data point doesn't make a rule.
But if we see that same reclaim again, I think it makes a compelling case that SOL has already found its low for this cycle.
That would also go a long way toward explaining why SOL/BTC has continued showing relative strength while the broader market remains under pressure. #Altcoin Season# #SOL
What if SOL pulls a 2022 ETH and bottoms months before BTC?
It's an outcome I'm becoming increasingly open to.
The one level I'm watching is the 21-week EMA (green), currently sitting around $85.
The last time SOL reclaimed it during a bear market, the cycle low was already in.
One data point doesn't make a rule.
But if we see that same reclaim again, I think it makes a compelling case that SOL has already found its low for this cycle.
That would also go a long way toward explaining why SOL/BTC has continued showing relative strength while the broader market remains under pressure. #Altcoin Season# #SOL