Let's take a quick look at $SOL / $BTC
No real trend since the beginning of the year.
The range is getting tighter and chances are high that in the not so distant future we will see a decision if price continues higher or reverses.
Robust Assets & Smart Allocation: Prioritizing solid crypto picks, tactical positioning, capitalizing on trends & compound interest. Past ≠ Future.
Let's take a quick look at $SOL / $BTC
No real trend since the beginning of the year.
The range is getting tighter and chances are high that in the not so distant future we will see a decision if price continues higher or reverses.
Optimism's $OP token also shows strength against $BTC
With a lot of room to breathe it's my main bet at the moment.
Regarding altcoins my main focus lies in the alt/btc charts.
$AAVE clearly is strong in $AAVE / $BTC terms.
I see potential resistance in the 0.0026 to 0.0027 region.
$BTC trending lower but nearing an important level that could allow for a relief rally.
Going to be very interesting how Bitcoin reacts here.
$SOL also looks good on higher time frame.
After the FTX debacle it deflated over 95% and recovered nearly completely since then.
It has been trading relatively stable in a wide range for the last half year now.
The lows typically get bought quickly and the $SOL / $BTC chart slowly grinds higher in the formation of an ascending triangle.
Once this one runs it'll probably move to 250$ and 300$ smoothly.
IMHO an $ETH recovery is more likely at the moment though which could suck the liquidity from $SOL which is why I am concentrating more on the Ethereum ecosystem as of now.