SOL / ETH loses the 50WMA.
Has been trading below it for the past 7 weeks, something we haven't seen since 2021.
Has also broken down from the 8 month bull flag / parallel channel. Retesting the key POI I've been eyeing.
HOPIUM: We've seen great rallies after
SOL goes down ~40% vs 
ETH, which it is at now. We SHOULD see a turnaround here soon.
And I still believe SOL will greatly outperform ETH this cycle, especially when the ETF launches and Alt Season kickstarts.
Right now we're seeing a typical market cycle BTC > ETH > Large Caps > Mid Caps > Micro Caps
Has been trading below it for the past 7 weeks, something we haven't seen since 2021.
Has also broken down from the 8 month bull flag / parallel channel. Retesting the key POI I've been eyeing.
HOPIUM: We've seen great rallies after
SOL goes down ~40% vs ETH, which it is at now. We SHOULD see a turnaround here soon. And I still believe SOL will greatly outperform ETH this cycle, especially when the ETF launches and Alt Season kickstarts.
Right now we're seeing a typical market cycle BTC > ETH > Large Caps > Mid Caps > Micro Caps
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.