SOL failed to break ATH

[djgtr]

 Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance.

Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

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[adaseb]

What do BTC, ETH and SOL all have in common? Double top.

Yes BTC broke but it’s going to close under ATH on the weekly. SOL had a crazy year, I think it was like $1-2 last October so it’s pretty impressive to get a 100-200x in such a short time.

Will it break ATH? It still could. A lot of it depend what happens to BTC in the next few weeks, if it starts to act bearish then everything will start to sell off.

[ardydyon]

solana surprises with a significant price increase in a relatively short time. if you look at the projects they have developed
this increase is reasonable. Solana is a highly functional open source project that uses permissionless blockchain technology to provide decentralized finance (DeFi) solutions. While initial ideas and work on this project started in 2017, Solana was officially launched in March 2020 by the Solana Foundation
The Solana protocol is designed to facilitate the creation of decentralized applications (DApps).
With a clear and growing project, I think now is the right time to buy solana and invest for the long term, because solana is still able to keep the price going up.

[Rahman11]

Key Support level: $192, $177

Key Resistance level: $216

The mentioned above pennant is marked blue on the following chart. The current all-time high of $216 will continue to act as SOL’s next major resistance area. Since then, SOL has found support on the $192 level. If the price decides to correct further, then the next support level is located at $177. Considering the massive momentum of the recent rally, a consolidation is reasonable.

[cryptomaniac_xxx]

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance.

Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

Oh well, it's just 1$ shy of it's all time high, so we might considered it as a good rally in recent days same as bitcoin. And no doubt that it can surpass it next month when we have another good and super fast rally like this month.

Best time to invest obviously is when the price didn't even reach 10$. However, it's not too late, who knows maybe it can still gain so much right after 2021 because the project is really solid.

[samuraijin]

i think for this year the moon is only for bitcoin only and it looks like altcoins are hard to go to the moon, i'm not saying SOL is bad, i also have a few but it seems hard to go through another new ATH price seeing currently bitcoin is dominating the market

[Jackl87]

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance.

Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

I am not a pro trader as i am more a hodler type of investor, but if you ask for my personal opinion, then i would definitely not invest into solana now. The reason for that is pretty simple. If you look at the charts at coinmarketcap or coingecko then you will see that Solana started trading below 1$ last year, which means that everyone that invested back then already have made more than x250 of it's initial investment and people that invested into the seed or private sale of solana have made even more and i usually don't invest into projects, that have already made a 100x or more as it think the room for another x10 or even more is maybe not thee anymore.

[cryptoaddictchie]

For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

For now I think its better to wait the retracement since its way more wise to let it dump for a lower price than ape with a very high price. We all knew there will be a backtrack on its price as btc is quite volatile and not sure if this will continue and it will be affecting alts position too.

[zasad@]

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance.

Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

https://cryptorank.io/ico/solana
Do you really think that after such XXX it is worth investing in this coin. Of course, if the bull market for altcoins starts, the price may rise to $ 400, but you need to have time to sell this coin.
I think this is a very risky investment if you do not plan to become a long-term holder.

[amishmanish]

100X in a year must mean something. I never quite got the hang of it with its multiple confusing wallets and the need to pay SOL to even add tokens to your wallet.

There seems to be a big enough community around it now and most importantly, an ecosystem of locked DeFi money and lending/ borrowing markets. The same thing happened with a lot of others like FTM, AVAX too but none of then showed the same kind of appreciation in price. Those of you who have been following it, what do you think the pump can be attributed to?

From what I can see, they really just encouraged a lot of these staking based allocations in multiple projects launched on the platforms like Raydium. They did all of this at the peak of hype-cycle and a lot of people ended up buying these tokens launched on token platforms. Similar to what BNB did with Pancakeswap. Now its a self-fulfilling prophecy due to the number of people already invested.

While this has worked for these projects during the bullrun, I wonder how things will be once the hype cycle stops. Do you think we'll ever see another crypto-winter like the post-2018?

[Galley]

Solana looks too attractive to invest, no matter how hard it burns. The situation is twofold, as many have already said, XXX has already been made. And at the same time, there is still potential for growth, but this is all too risky. Therefore, it is very easy to make a mistake with the forecast. But in the near future, there should still be growth, if, as usual, Bitcoin does not bring down all our plans.

[dbc23]

This is why traders are always adviced to halt once the price starts approaching major support and resistance in the market. Many who bought at that point will have to patiently wait for a correction move before seeing profit. Solana has been on a high price for so long and need to retrace before another bullish trend

[crzy]

This is why traders are always adviced to halt once the price starts approaching major support and resistance in the market. Many who bought at that point will have to patiently wait for a correction move before seeing profit. Solana has been on a high price for so long and need to retrace before another bullish trend

Traders knows what to do after this, if a cryptocurrency failed fo break the resistance on the peak price we can expect for the price to correct and will go back to the support level. SOL is still a good project so eventually, it will continue to rise over time, its ATH is easy to achieve just be patient and wait more time for SOL to make a new ATH.

[sunsilk]

It's because BTC has started to dip and that's common in the markets.

If SOL has failed to reach back its former ATH, that's fine. But, that doesn't mean that it can't break that ATH again. There's so much volatility that we can see in the market lately.

While we're on that, everyone should look at the idea if it's good to buy during the tops or you'll still wait for a huge dip that can happen to it.

[ololajulo]

It's because BTC has started to dip and that's common in the markets.

If SOL has failed to reach back its former ATH, that's fine. But, that doesn't mean that it can't break that ATH again. There's so much volatility that we can see in the market lately.

While we're on that, everyone should look at the idea if it's good to buy during the tops or you'll still wait for a huge dip that can happen to it.

The huge. dip that will come will be when the bitcoin parabolic set in again like that of last year. The idea is to take your profits in bitcoin for most of the pump and buy back in the dip. Did we forget when SOL got the new ATH? not even in the expected altseason but I feel the development across all sector in the project will be important for the move the altseason.

[Furious 7]

Solana is still going against the grain where other coins are failing to redeem but does the increase in SOL have to be based on the decrease in BTC first? Because I have seen something like this happen twice and now where the altcoin is still in the red but the SOL is different and continues to fight back until it will reach ATH.

I'm not going to be obsessed with FOMO, usually some people come when prices are high because they see prices are different from other altcoins, so we have to keep an eye on the situation and wait for a bigger correction, and don't be lured in by the FOMO you see.

[tippytoes]

It's because BTC has started to dip and that's common in the markets.

If SOL has failed to reach back its former ATH, that's fine. But, that doesn't mean that it can't break that ATH again. There's so much volatility that we can see in the market lately.

While we're on that, everyone should look at the idea if it's good to buy during the tops or you'll still wait for a huge dip that can happen to it.

That is very right. If you have the feeling that this can still go high, even surpass its previous ATH, why not buy while you still have the chance? Because the progress in this market is not yet stopping. And besides, SOL has gained its top 6 position, so the possibilities here are good. It is not like just crap alts that are popping out of somewhere and be gone in few months. This platform has solid foundation to begin with.

[asriloni]

For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

Yes it is but SOL already surpassed $200 again. I can imagine when SOL will have the same marketcap like ADA but it's too high in my opinion. Solana has limitation to growth right now and I wanna say that if investing in Solana is too late right now. Why don't you just try to pick up it when the price was trading at the bottom price instead of buying at the high price? You have a lot of chance to buy Solana so many times. It's too late to buy it right now although that's still a good coin to be used for long term hodl but i'd not recommend it to buy Solana this time. You need to pick another coin that is still having a lot of room to growth. The chance to make at least 2x from Solana was so difficult right now. It needs a major pump which will not occur anytime. In my conclusion investing Solana for this time is not a bad decision but it's not also a good decision as well. Why don't just pick top 100 CMC instead of SOL.
I know that major coins were promising but you need to consider your time.

[layoutph]

Theres nothing wrong if the ATH price doesnt break on its first try. Just take a look on SOLANA's weekly chart, MACD says it will go up. On its Daily chart, it also said it will go up. Even on its 4hrs chart the price is reversing going up. I believe it will break this resistance this month of November.

[kotajikikox]

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance.

Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?

There are also several coins that recently broken the ATH and others that fails so Solana is not far from those , best to keep the hold if you are for long term but sell now if not.

The market is showing small dumping position , but if this maintain this positioning in the next couple of weeks then by December expect a massive increase in prices .

Theres nothing wrong if the ATH price doesnt break on its first try. Just take a look on SOLANA's weekly chart, MACD says it will go up. On its Daily chart, it also said it will go up. Even on its 4hrs chart the price is reversing going up. I believe it will break this resistance this month of November.

https://coinmarketcap.com/currencies/solana/

SOL is doing great still , hyping 26% in the last 7 days is good enough to expect another pump sooner.