Solana Beach priceSOLANA

#Solana shows a similar chart pattern 🔥 ~ A longer support trendline holding up $SOL ~ A shorter resistance line pushing down $SOL These lines formed converging triangles. There was a MASSIVE Rally following the former triangle. Will $SOL perform the same as before? 🚀

2025 thesis: 👉🏼 Bull market accelerates, and altcoins start outperforming 👉🏼 Bitcoin sees $150,000 👉🏼 ETH enters price discovery and pushes into 5 figures 👉🏼 Solana reaches $500 👉🏼 More and more people make fun of my profit taking strategy 👉🏼 The market tops towards Q4 2025

$SUI is at $40B (billion!) FDV. For comparison, $AVAX is at $26B, same as $TON. $TRON is at $22B. $DOT is at $10B. This puts @SuiNetwork as a top-5 chain by FDV (after Bitcoin, Ethereum, Solana, and BNB). ╮ (. ❛ ᴗ ❛.) ╭

2024 is nearly over. Time to reflect on how we did. Just like last year, 2024 was mostly about doing nothing. I say almost; because 2024 also meant that our profit-taking strategy came into effect. I took my first profits in March, some more in April and May - and then resumed once #Bitcoin finally cleared 70k in November. I also started trimming my Solana position around that time, as it made a new all-time high as well. So far, those TPs have already covered my initial investment from back in 2022, multiple times over — which means the cycle is already a win and I'm just playing with house money from this point. Still, there is a lot of money on the table for me, and I intend to keep it. I will continue to take weekly profits, selling 2% of my Bitcoin and Solana holdings weekly. I remain patient with ETH, and will start taking profits on that as soon as it enters price discovery as well (expecting late Jan, early Feb). Selling 10% once it enters price discovery, and 2% weekly after. The plan remains the same: slowly scaling out. Cheers to 2025, let's make it count.

I only use @solana to stack $PENGU. I kid you not.