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Solana’s Imminent Breakout

November 11, 2024

Bitcoin is surging toward $90,000.

Memecoins are ripping across the board. 

DOGE is up over 100% since the election.

BTC miners are squeezing higher.

Everyone is talking about shitcoins I’ve never heard of.

NFTs are back.

It’s all working in crypto land right now. As it turns out, the ultimate election trade was in digital assets, and not the traditional market.

The real point I’m trying to make is that it is almost a foregone conclusion that Solana will break out to new all-time highs soon.

Just look how clean this base is.

Bitcoin looked the same way just a week ago. Now, it's closing in on $100K.

It's the same pattern. But, it’s even better because Solana is the real blue-chip leader this cycle. It’s outpaced BTC in a big way off the lows from last year. 

Like BTC, buyers have been absorbing overhead supply at the upper bounds of this range for nine months, preparing the ground for a monster move.

I love this setup.

As long as we’re above $200, I’m long and anticipating a big breakout.

Are you ready for a Solana winter?

Alfonso

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