I can't believe it but I bought solana:So11111111111111111111111111111111111111112 for the first time in nearly two years.
I think it has bottomed.
Chart
- Weekly bullish divergence (RSI and OBV).
- Swept the bottom of the wick from February 2026 and then closed above.
- Retested just above the top of wick from May 2021.
- Everyone on CT was calling for $40-$50 and the market rarely gives people what they want.
Fundamentals
- Onchain activity on Solana picking up again.
- Solana spot volumes including for tokenised stocks has been strong and competitive against leading DEXs and CEXs.
- Potentially competitive perps and trading apps going live in next few weeks (Bulk, JTX routing via Phoenix).
- I'm confident the upcoming proposals to double the disinflation rate and increase SOL burn will finally pass. Inflation has been a problem for SOL for a long time and one of the big reasons why I refused to hold it after 2024. I feel more optimistic now.
$HYPE and $ZEC are still a vast majority of my portfolio but I want SOL again. I've maintained through the bear (I have receipts) that the wider Solana ecosystem is still thriving and SOL will rise from the dead again. This time I'm confident memes will not be the entire reason.
I can't believe it but I bought solana:So11111111111111111111111111111111111111112 for the first time in nearly two years.
I think it has bottomed.
Chart
- Weekly bullish divergence (RSI and OBV).
- Swept the bottom of the wick from February 2026 and then closed above.
- Retested just above the top of wick from May 2021.
- Everyone on CT was calling for $40-$50 and the market rarely gives people what they want.
Fundamentals
- Onchain activity on Solana picking up again.
- Solana spot volumes including for tokenised stocks has been strong and competitive against leading DEXs and CEXs.
- Potentially competitive perps and trading apps going live in next few weeks (Bulk, JTX routing via Phoenix).
- I'm confident the upcoming proposals to double the disinflation rate and increase SOL burn will finally pass. Inflation has been a problem for SOL for a long time and one of the big reasons why I refused to hold it after 2024. I feel more optimistic now.
$HYPE and $ZEC are still a vast majority of my portfolio but I want SOL again. I've maintained through the bear (I have receipts) that the wider Solana ecosystem is still thriving and SOL will rise from the dead again. This time I'm confident memes will not be the entire reason.
@jawa2690 Nice write up! Very helpful. If MetaDAO and the ZINC team can work through this issue, come to a reasonable resolution for ZKFG holders, and then MetaDAO patches up this scenario from being able to happen again, it will only get stronger.
He’s not wrong about everything he says here
But it’s a massive bottom signal because Pomp is yet again super bearish, pessimistic and pivoting at the end of a bear market after saying and doing the most ludicrous bull(shit) things at the giga top
🚨PROCAP CEO ANTHONY POMPLIANO ISSUES A GRIM WARNING
"Much of the crypto industry is DEAD. It's never coming back. The dream is OVER."
"Reallocate the capital, reallocate the talent, and GO somewhere else."
"Simply holding BTC on the balance sheet is NOT a winning strategy" he warns about treasury companies.
3 ANGLES of absolute Fed Square pandemonium! 🤯🎬
You’ve seen the goal, now look what it did to the heart of Melbourne!
🏆 #FIFAWorldCup | June 12 - July 20 | Every Match on SBS 📺
Thanks, Anthropic, for helping protect Zcash users. At Shielded Labs’s request, they ran a security audit of Zcash with Mythos. It did not find any more serious bugs in the Zcash protocol. Shielded Labs and others are continuing security hardening work. Stay tuned for updates.
The researcher who found the vulnerability in $ZEC is now targeting $XMR
They are coming for all our coins
It’s only a matter of time before they discover that the dog does NOT actually have a hat ($WIF)
Almost seems confirmed that previous key service providers who left Aave recently are teaming up to launch a new competitor to Aave. One to watch 👀 Let the games begin
if you're not actively looking to add to spot positions then you're much better just logging off for the weekend
the minute chart should not change your yearly targets, the sun will shine again in the morning and better times await us
the future is brighter than the algorithm will let you believe
survive for the wonderful days ahead