It's Almost Time For Solana... Don't Miss Out

7 Dec 2023 · 11 min
10:40

In this YouTube video, The Art of Crypto provides a detailed market analysis and outlook for Solana. The presenter begins by reflecting on a previous prediction that Solana would reach $30 during the Breakpoint event and notes the token’s subsequent stronger performance. Shifting from a zoomed‑in daily view to a broader weekly perspective, he identifies a key resistance level around $77.50 and explains why this level is likely to act as a barrier in the near term. He then extrapolates longer‑term upside scenarios, arguing that if Solana captures 10‑20% of Ethereum’s market cap it could trade between $300 and $700 in a future bull market. The video supports this thesis with ecosystem fundamentals – Solana’s high transaction‑per‑second capacity, a TVL of roughly $655 million, and growing DeFi and NFT activity – and contrasts these advantages with Ethereum’s slower rollout of sharding and zk‑rollups. The core of the presentation is a concrete trading system. The host outlines a liquidity‑sweep framework: bullish expansions follow the removal of sell‑side liquidity (swing lows), while bearish moves follow the removal of buy‑side liquidity (swing highs). He recommends using 15‑minute to 1‑hour charts (avoiding 4‑hour) to spot these sweeps, then applying Fibonacci extensions in 0.5‑increment steps to set internal (within‑range) and external (new‑high) targets. The method also incorporates “discount‑zone” and “premium‑zone” concepts derived from the 50% Fibonacci line and fair‑value gaps to time swing‑trades or long‑term entries. The presenter acknowledges risk – a failed breakout could signal a shift to a bearish stance – but emphasizes that a disciplined system improves trade consistency. Finally, the video teases upcoming content on specific Solana ecosystem investments (20‑50× plays) and promotes the Wins in Cash newsletter for daily actionable trading tips, urging viewers to subscribe, like, and enable notifications.

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