Solana: Bullish outlook, but not now
"I'm bullish Solana, but not now. Not now. I'm bullish Solana in in as a concept as a concept, but practically we need we need either for it to go to 30, which is by the way, with all of these improvements it can still go to 30, guys. I mean, it's I'm telling you how chart works. It can easily go to 30."
ℹ️ In shortIvan on Tech believes Solana has potential but advises waiting for its price to drop to $30, despite recent improvements.
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Full disclaimer… If you want, we can discuss tomorrow. Poor pleb, uh exactly. Question, Ivan, what's your take on um SIMDs being introduced into Solana? Yeah, I mean, it's good. It's good. It's We just discussed the disinflation on this on the stream. I think overall it's going to be good for Solana. They I mean, all of it it's fantastic. It's fantastic. I'm bullish Solana, but not now. Not now. I'm bullish Solana in in as a concept as a concept, but practically we need we need either for it to go to 30, which is by the way, with all of these improvements it can still go to 30, guys. I mean, it's I'm telling you how chart works. It can easily go to 30. Or it may [clears throat] not. Then we buy it at 93. Okay? If let's say that we have another leg down maybe to 50, then this 93 is also going to flip go lower to maybe 80s. So, the bear trend is also going down, but you know, we're all about risk reward. So, right now the risk reward is not good. Like it still looks very weak. Looks very weak. And …
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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.