SOL failed to break ATH

[harizen]

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?

Breaking another ATH over ATH shouldn't always be expected. Remember that when there's hype, there's always an attempt to spoil the momentum.

For the question, if it's the best time to invest in Solana, it's up on your DYOR and risk management. How do you see the current trend? What are your thoughts regarding the price movement? Form an analysis based on your given factors and decide what to do next.

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[Fredomago]

Sol has had a quick development and bend of its ATh pegs.  The figures show it has increased by more than 500% since July 28.  This number may be more surprising to come.  I think Sol is uniquely positioned for investment, a solid long-term path to expansion with better profit potential. I think the ATH near $220 won't be the last for Sol this year.  Be patient and to keep eyes on it.

It's normal to see corrections, and it's a good opportunity for those who still wanted to participate in investing to this coin, SOL have a good reason to pump for more, with the system that it's offering developers find alternative it's adding more options for both developers and traders to enjoy the benefits of this system.

Thinking for long term? SOL can be considered as one of those good alternative investments, aside from ETH and BNB, which following Bitcoin in gaining more interest.

[7788bitcoin]

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.

There is plenty of time left for Solana to break the all time high valuation if you take into account that the bull run will last for another couple of months or further. So it is not a big deal that the price did not break the all time high valuation now, expect the market to get the momentum after a minor correction and the market will keep on moving higher by the end of this year.

[Reatim]

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?

Don't rush mate because SOL has just starting to make way for another ATH and not meeting this recently means it will stop there .
i have observed other altcoins who has the same activities recently not only SOL so just keep your coins if you are a Hodler because your time will come sooner.

SOL is one of the crypto revelations of 2021. The project really performed well due to its cheap gas fee, fast transaction, and support of ecosystem projects. I see the coin breaking its ATH in the next bull run and setting another all time high. I hope the dev team is able to prevent future reoccurrence of network clog that has warranted network shutdown twice in the past.

SOL is very promising and seemingly will break many ciuns in the future .

[FanEagle]

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 have been lots of crypto currencies and projects that have been created in the community to overtake ethereum in the market. So, failing to its own peak level is highly expected and whenever these coins are created, we always see talks like this going  round about them having what it takes to be the next biggest thing in the alternative cryptocurrency market.

But at the end of all this, it usually ends with everyone forgetting about those projects and Ethereum continuing with its lead as the number one altcoin in the market. So, I can’t really give you an answer that Solana will be the next biggest project there is, it’s quite possible that Ethereum will maintain its position in the future. You can even take Bitcoin as an example, Bitcoin is main purpose has been about transaction.

But, we have seen events where the fees for sending money with Bitcoin has increased, despite all that, there haven’t been any other cryptocurrency that can be able to replace Bitcoin, but there have been many of them that were created to Replace it, but they haven't been successful.

[dragonvslinux]

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 have been lots of crypto currencies and projects that have been created in the community to overtake ethereum in the market. So, failing to its own peak level is highly expected and whenever these coins are created, we always see talks like this going  round about them having what it takes to be the next biggest thing in the alternative cryptocurrency market.

The way certain coins/tokens moon in such a short amount of time, also reminds me of Chainlink in 2020. It quickly reached the Top 10, but now barely lies in the Top 20. Earlier this year there was Uniswap being the number one DEX and a Top 10 coin, but now only the second most popular and no longer in the Top 10. A lot of projects go up then down depending on the season as well as cycle it seems.

But at the end of all this, it usually ends with everyone forgetting about those projects and Ethereum continuing with its lead as the number one altcoin in the market. So, I can’t really give you an answer that Solana will be the next biggest project there is, it’s quite possible that Ethereum will maintain its position in the future. You can even take Bitcoin as an example, Bitcoin is main purpose has been about transaction.

This is very true, I've been thinking the same lately of all these competing layer 1 solutions trying to be "better than Ethereum". While many of them do have technological advantages, they still don't have as many devs or users to go with. Sometimes it reminds me of 2018 "ETH killers" hype, when Ethereum was struggling with price due to the ICOs selling off etc, even if it's a different market these days.

[Jose Mourinho]

Buddy,,,,!!!  Don't be in a hurry to determine Solana's achievements, because in my opinion SOL is currently experiencing a significant increase, the price of SOL has increased to 196.42 where the highest price ever made is 218.73, of course the current price and the best achievement ever achieved  there is not much difference, I think Solana still has a great chance to be able to solve the new ATH by the end of this year,

[manok jepang]

currently, Solana is in a positive trend, because it experienced a very significant increase today we can see the price of SOL has risen to $203.43 and if you look at its retention, Solana has a great chance to reach her ATH in the near future, because of the highest achievement ever  achieved is $218.83, of a course this value is very easy to achieve by SOLANA, besides the current value difference is very close, Solana also has a long way to go so that to penetrate the highest valuation is very wide open, so I don't think SOL has failed but vice versa.

[Fredomago]

currently, Solana is in a positive trend, because it experienced a very significant increase today we can see the price of SOL has risen to $203.43 and if you look at its retention, Solana has a great chance to reach her ATH in the near future, because of the highest achievement ever  achieved is $218.83, of a course this value is very easy to achieve by SOLANA, besides the current value difference is very close, Solana also has a long way to go so that to penetrate the highest valuation is very wide open, so I don't think SOL has failed but vice versa.

Giving that fact, SOL still young and still has a lot to offer, if more success being produced from its chain and more new project
that being built inside SOL system gains interest and support from investors, the value can increase more. We can't conclude the fate
of the project if there are good things that still ongoing inside the development.

Just invest in any project that you really trust, allow the growth and collect your passive profits whenever you are satisfied with the amount.

SOL can be your passive money maker if you go deeper into this system.