Solana's Price Potential: A Historical Perspective (Patreon)

Solana's Price Potential: A Historical Perspective

While some have latched onto my statement about a potential $200 $SOL, it's crucial to understand the context and likelihood of such a scenario and the fact that I said it tongue in cheek based on history

Historical Pattern

Breakpoint events have historically preceded significant price surges for Solana:

• 2021: 68% surge

• 2022: 42% surge

• 2023: 58% surge

This pattern suggests a correlation between Breakpoint and increased investor interest or speculation.

Reality Check

However, it's essential to emphasize that a $200 $SOL is:

• Based solely on historical trends

• Extremely unlikely (99% probability it won't happen)

• Not aligned with current market conditions

• REMEMBER BREAKPOINT Historically happened in NOVEMBER, this time around it is in SEPTEMBER - NOV is the Best Month for Crypto and SEP is the Worst Month. 

Key Takeaway

While history often rhymes, it doesn't always repeat.

LEVEL 4 is where SOL tends to bottom at least it has done so far this year.... but BTC is super weak right now... big capitulation is happening.