Solana: Not a Buy Yet
"Overall, guys, for me, this is still not a buy. Why? Because we're still in the bear trend uh and so for us to buy, we would have to go to 93. That's going going to be the best signal ever to get into Solana and then ride it to 300 for I mean, let's see where the bull market takes us."
ℹ️ In shortIvan on Tech believes Solana is not a good buy yet because the market is in a bear trend, and the best buy signal would be reaching 93 dollars.
This prediction is awaiting verification.
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Full disclaimer… Looking at the something like Solana, there is a lot of talk about Solana. On Twitter, there is a lot and both fundamentally and pumpamentally, people are getting excited. Pumpamentally because we got this bounce here and people are excited, 25% bounce. Um fundamentally because of many things that I will share with you today. Overall, guys, for me, this is still not a buy. Why? Because we're still in the bear trend uh and so for us to buy, we would have to go to 93. That's going going to be the best signal ever to get into Solana and then ride it to 300 for I mean, let's see where the bull market takes us. But also, there is a real chance that it still goes here into this buy zone at around 30, which is the old support from 2023 right here. And this is going to be a massive I mean, this is old resistance here from 2023 that we that we then broke. And this is going to be a massive support for us now. So, let's see uh which way Solana goes. I mean, we …
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Solana drops to 30
Solana, which was 68 yesterday, has dropped to 64 and appears to be heading towards 30 dollars.
Dividend impact on value
If the dividend stops being paid, the stock's value could fall to $50-60, reflecting its value without the dividend.