Solana $100 Support Important Like Analysts See Am Forging Pass Ethereum, But Dem Warn Say Pessimism Dey If E Break
Crypto pipo wey sabi, like Inmortal Crypto and research company Alphractal, dey look Solana (SOL) well well as im $100 price don turn big support point. Inmortal Crypto talk say SOL get strong power compared to Ethereum (ETH), say SOL do beta pass ETH wen market come up small small recently. Since SOL don comot 65% before compared to ETH wey comot 33%, analyst dem believe say SOL fit target new high, fit reach $330, if the market go up again. But, Alphractal warn say even if things like Sharpe Ratio and Normalized Risk Metric no show say danger too much, if e no fit hold the $100 support, e fit cause more fall and bad feeling. Alphractal still talk say even if ETH market no dey do too well, e get beta risk-reward pass SOL and Binance Coin (BNB) for now. For crypto traders, e important to know about the $100 level for SOL and all the risk levels, because if e break that level, e fit change how dem go trade for future and how people dey feel about the market.
Bearish
Even as Solana don perform well before and dem don predict say e go rise, di latest analysis show say SOL fit fall below di $100 support level wey important well well. Technical people wey sabi market tok say if di price fall under dis level and e stay dia, pipu go lose hope and di price go fall more, e go cancel out di rise wey don happen before. Apart from dat, because Ethereum get better risk-reward chance compared to Solana, traders fit decide to move dia money go Ethereum, wey go reduce pipu wey wan buy SOL now now. So, even if dia get good signs for long term, for short term, if di key support break, e go be bad market.