Is Solana still bullish now?

[irixo10]

Some people want to invest Solana now because of the huge rise few days ago. However, some people think that today is the end of the bull market of Solana. What do you think?

If you remember what happened few months ago in the market, the blockchain that lead the hype of Meme tokens was BSC network, and not only that, BSC took a lot of attention from the market thus making a lot of projects to launch on it, and of course the resultant effect is the increasing price of BNB. Now having that in mind, Solana is gradually taking the same path as with BSC network, more projects are coming onboard and those already launched are growing massively with Sol coin, and even to a great extent Sol is leading in the NFT marketplace together with ADA. Therefore, in my own opinion, Solana still have more room to grow, we are not done with NFT yet and moreover, studying upcoming projects nowadays, you will see a lot of are launching on Solana, this will also contribute in making Sol coin more valuable.
Generally, the crypto market is not in a good shape and Sol coin is not left out.

[LittlePrinceCat]

It’s dropping now. It seems that all the money pumps into AVAX, then people sell Solana and buy AVAX

[GreatArkansas]

It’s dropping now. It seems that all the money pumps into AVAX, then people sell Solana and buy AVAX

Hahaha, I am also thinking this. These Ethereum alternative, L1 chains are starting to make some noise a few months ago as Ethereum still doesn't manage the very high transaction fees.
I am also afraid with the L1 alternative chains as  L2 like Arbitrum is starting to make a noise, we all know L2 like Arbitrum is built on top of Ethereum so we still don't what will happen.
But I am also into Solana, TVL on their DeFi platforms are extremely increasing a very huge percentage.

[RealMalatesta]

Some people want to invest Solana now because of the huge rise few days ago. However, some people think that today is the end of the bull market of Solana. What do you think?

I imagine that investing into something just as it has already skyrocketed never made sense to me at all. Does that mean that Solana will not go up? Of course not, it could still very much go up, or it may go down, nobody really knows. However irregardless of going up and down, it doesn't make sense to invest into something that shot up so much during the last periods.

I mean yeah sol and ada all made the news because their blockchains are developed in a perfect ecosystem way, and other projects are starting up their projects on sol/ada chain as well, so that is why it made sense. However that doesn't mean that you should invest into something that saw 200+ dollars when it was under 100 bucks just a few weeks ago or so.

[tbct_mt2]

I imagine that investing into something just as it has already skyrocketed never made sense to me at all. Does that mean that Solana will not go up? Of course not, it could still very much go up, or it may go down, nobody really knows. However irregardless of going up and down, it doesn't make sense to invest into something that shot up so much during the last periods.

Solana is hot in latest weeks but it can not rise forever. I turn on the weekly chart and honestly, it's not my offense to Solana fans, investors, in my opinion, it is time to sell Solana.

Sell it and spend a few weeks in coming to see how it moves. I wait for its deep corrections to about $70. There are other altcoins that can give investors safer entries because they have yet skyrocketed like Solana.

[nira09]

Solana still hype coin maybe and keep bullish right now or few weeks later, maybe I predict solana coin can raise above $500 in few weeks only because they got support from many investor, bitcoin dumped today but Solana keep stay on stable price and not care what happen with bitcoin price. They have many stronger support from investor keep trusted as Solana coin best investment and price always raise up.

Why do most investors believe that solana still worth to invest?

Of course because the development is very good, besides that there is a big improvement for Solana users. BSC started to grow and bustled when transaction fees were cheap and many new profitable projects were built at BSC, Likewise with the current development of Solana, this has just started and will continue to grow.
But if you want to fill your bag, it's better to be patient waiting for corrections and the right time to buy.

[geegaw]

Solana still hype coin maybe and keep bullish right now or few weeks later, maybe I predict solana coin can raise above $500 in few weeks only because they got support from many investor, bitcoin dumped today but Solana keep stay on stable price and not care what happen with bitcoin price. They have many stronger support from investor keep trusted as Solana coin best investment and price always raise up.

solana price movement was not due hype in market, but demand and believeness to this project that come from investors was be main reason. just like bnb when price move extremely , alot investors thinking the same to solana. with massive ecosystem growing using solana platform its attract investors to buy it for long term. utility and ecosystem be main key for solana price.

Agree, the hype is only to talk about meme coins when only relying on the breath of social networks and communities to gain value without any hidden factors, more precisely, meme coin is the exterior of the house, but Solana includes both interior and exterior, both of these elements are designed very carefully and luxuriously. The maturity of their ecosystem allows decentralized applications to be user-friendly and available with a nice shipping fee for investors, the project is constantly running on their platform and Solana's price will be like a horse running straight and fast towards the sunlight

[ivankoh]

Some people want to invest Solana now because of the huge rise few days ago. However, some people think that today is the end of the bull market of Solana. What do you think?

The numbers that show Sol growing are impressive.  This year Sol has rallied approximately 120x at 1.6$ and ATH reached 195$.  Compared to a few projects built from the beginning, Sol currently has more than 300 projects running on its ecosystem.  Although it is still quite modest compared to the ecosystems of ETH and BNB, it is clear that Sol is growing faster and stronger from meeting the high scalability needs.  Based on the potential level of prediction in the future, Sol can totally break 500$ I guess
Sol has become a more worthwhile long-term option, the opportunity is just the beginning for Sol

[Boomber]

Some people want to invest Solana now because of the huge rise few days ago. However, some people think that today is the end of the bull market of Solana. What do you think?

right now the price of Solana is going down, but that's only natural because the market is experiencing a correction, so the price of Solana is also correcting, but I'm sure when the market has started to recover and increase again, then of course the price of Solana can definitely increase very high again and create a new ATH price, therefore now is still the right time to invest in Solana, because the price of Solana still has a chance to increase very high and give you a big profit.

[Maslate]

Some people want to invest Solana now because of the huge rise few days ago. However, some people think that today is the end of the bull market of Solana. What do you think?

The momentum that Solana creates based on the tokens offering that happens recently, i think the end of the bull market is after Solana run out of the offering momentum or Bitcoin says no no and going down.
The hypes of any tokens offering is reasonable since most tokens that do Offering on Solana give a huge return to the investors.

It creates hypes and I'm worried about what will happen after this. But analyzing its market trend, this project shows some market potentials, it wasn't just bold enough to catch the attention of the investors but to see something that this project could stay in that position.

For me, this project is worth investment but of course, we don't just focus on this project alone, to spread our money to different coins is advisable.

[GreenStox]

the current price of the solana is $153. this is not a good time to buy because the bulls were strong enough to hit their all-time highs. the market is not stable in 24 hours today. but a lot of people want to buy just because the Solana has decreased by almost 30% but I think that's a bad thing.

[Jercyhora2]

All I know is that the price of that coin has gone up a lot. It's not really a good idea to buy that again, especially now, that many are already seeing how much it has lifted other altcoins. Let's assume that the momentum of this coin is good, but it still doesn't lose that it has raised a lot. Unless the majority enters it and the price rises again which I think is a bit vague about what will happen.

[distr@yopmail.com]

the current price of the solana is $153. this is not a good time to buy because the bulls were strong enough to hit their all-time highs. the market is not stable in 24 hours today. but a lot of people want to buy just because the Solana has decreased by almost 30% but I think that's a bad thing.

there is a potential that the decline will continue. this depends on the movement of bitcoin in the market. if bitcoin continues its downtrend it will also have an impact on SOL. although the adoption is amazing now because of the new projects that have a very strong hype. but market support is certainly important to make pumps again. waiting for a better market to enter is the best option now.

[LUCKMCFLY]

Solana is a coin that has fallen a bit9 the bullish trend, for now it is at 168usd, after having reached 198USD, it seems the bulls of solana are buying in the dip, and it has not lost that much volume yet, cointelegraph gives the following technical clues:

A break below this level could sink the price to the 61.8% Fibonacci retracement level at $123.43.

Conversely, a breakout and close above the trendline will increase the likelihood of a retest of the all-time high at $216.

Source: https://cointelegraph.com/news/price-analysis-9-13-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni

Most are expecting a big bullish jump again, for now many are expected to be managing other moves that help keep moving up.

[criket]

Most are expecting a big bullish jump again, for now many are expected to be managing other moves that help keep moving up.

there is a possibility of a spike that will occur again when there are interesting events that Solona continues to do with new projects in their ecosystem.
bitcoin support I guess is also pretty good for now. starting a small rally for the start of a pump I think will be very likely shortly.

[matchi2011]

Most are expecting a big bullish jump again, for now many are expected to be managing other moves that help keep moving up.

there is a possibility of a spike that will occur again when there are interesting events that Solona continues to do with new projects in their ecosystem.
bitcoin support I guess is also pretty good for now. starting a small rally for the start of a pump I think will be very likely shortly.

Some interesting updates with Solana chain may trigger another pump, if there are more developers to introduce,
projects under this chain, the more interest that will lead investors to this asset.

So far, it's the common reason to why investors take their chance to invest, looking for more progress that will
bring more interest to a wide audience.

For Solana believers, this short corrections is a good chance to ride with the potential bounce back.

[onecall123]

As expected, Solana hype has died down and investors have shifted positions, which is a smart move. Personally, I used my Sol profits to buy more ETH and stake on it. In the meantime, I'll stake ETH while ETH is on good upward trend. That's what winning acts are all about. Sol's downward trend won't allow you to achieve good results if you stay with Solana.

[koang]

Solana is a good coin at the moment in the crypto market, but the movement of Solana today looks red on the coinmarketcap charts and I think the decline that occurred today in Solana is a common thing in the market. Investing in Solana Koin is good in my opinion.

SOL price is down because Solana network is experiencing issues.
Solana Has Been Down for Hours Due to Resource Exhaustion
When you want to withdraw from Solana network this can't happen
The problem still persists, still stuck till right now and no ETA when this problem will be fixed

[seramania]

Some people want to invest Solana now because of the huge rise few days ago. However, some people think that today is the end of the bull market of Solana. What do you think?

solana pumped so strongly. solana now has a good trading volume ecosystem but now the solana market is in a downturn. I think this is the time to buy solana and now the potential for solana will also be strong in the future.

[Lubang Bawah]

Solana is a good coin at the moment in the crypto market, but the movement of Solana today looks red on the coinmarketcap charts and I think the decline that occurred today in Solana is a common thing in the market. Investing in Solana Koin is good in my opinion.

SOL price is down because Solana network is experiencing issues.
Solana Has Been Down for Hours Due to Resource Exhaustion
When you want to withdraw from Solana network this can't happen
The problem still persists, still stuck till right now and no ETA when this problem will be fixed

Sad because it experienced network problems and made Solan drop up to 24% in a week, I hope of course Solana will recover soon and be great again so that he can make a new ATH. if you don't wake up soon there will be many coins that will beat Solana.