Greed

Solana

Coin

<ul class="news-points"> 
 <li>SOL rose after losing 97% of its price and going through 2 years of capitulation.</li> 
 <li>An analyst stated that people’s greed to buy SOL at a lower price has made them lose the chance of buying.</li> 
 <li>SOL is testing the upper trendline of the rising wedge, it could retrace.</li> 
</ul> 
Crypto Analyst Jackis tweeted that <a href="https://coinedition.com/tag/solana-sol/">Solana</a> was presently rising after losing 97% from its all-time high which was then followed by 2 years of capitulation. Scrutinizing the people’s behavior of buying SOL, Jackis stated that the people get greedy and wait for it to go lower to enter the market. However, SOL started to rise before they could enter the market.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Imagine <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> went -97% from ATH &amp; through two major capitulations People got greedy &amp; wanted lower, instead, it started to go higher &amp; outperform the rest Now these people want a retest of (now prior) range low cause they missed the train Seen it too many cycles in a row to… <a href="https://t.co/B8JnUVRDle" target="_blank" rel="nofollow">pic.twitter.com/B8JnUVRDle</a>— JACKIS (@i_am_jackis) <a href="https://twitter.com/i_am_jackis/status/1717499433401663689?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 26, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
When observing the price activity of Solana (SOL), it could be noted that SOL was gaining value throughout the past week. It was trading at $24 when the market opened for sale. Thereafter it gradually ros…
The post <a rel="nofollow" href="https://coinedition.com/peoples-greed-to-buy-sol-lower-leads-to-an-opportunity-cost-analyst/">People’s Greed to Buy SOL Lower Leads to an Opportunity Cost: Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

People’s Greed to Buy SOL Lower Leads to an Opportunity Cost: Analyst

Coin Edition

Other articles published on Oct 26, 2023

XRP Coin Community and the Role of Attorney John Deaton

Initial Ethereum (ETH) and Cardano (ADA) Investors Shift Focus to a New High-Potential Crypto

Blockchain will be used by Indian state refiner HPCL to confirm purchase orders.

XETA Genesis Yields Millions via Advanced High Frequency Trading Algorithms

Cardano’s IOG Appoints Algorand Ex-CEO to Lead Stablecoin Venture

Elon Musk Unleashes Tommy Gun Magazine on CyberTruck in Daring Test

Join our free newsletter for daily crypto updates!