$SOL is still moving upward in contrast to the rest of the market, and you shouldn't be bearish on it, believes cburniske
is a mistake, and what used to be an Ethereum killer still has a breakthrough chance despite the reversal from the local resistance level.
Originally, Burniske highlighted that weakness on the Ethereum/Bitcoin pair with strenghth on the Solana/Ethereum pair is a signal for the prevalence of risk on the market, but the pullback on the market that started yesterday can last long, meaning that the reversal on most assets we see now is not a short-term correction that will eventually turn into the continuation of the trend.
I’d be careful of being overly bearish here, even if we eventually retrace, my expectation is that will be months from now and you know how much crypto can move in a few months However, Burniske says that investors should be careful of being overly bearish here, as Solana and other assets will eventually retrace.
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