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SOLUSD: 75 Weeks Until ATH? Say what you want, but crypto has an incredibly rich history of adhering to the notorious "4-Year Cycle." Much of this can be attributed to BTC's halving schedule, whereby block rewards are cut in half roughly every 4 years. If you look back at BTC's history, and even ETH's first cycle, you'll see it typically takes 3 years (156 weeks) until a new ATH is reach. I'm going to argue SOL is no different here, as it has network effects of its own that will inevitably lead to price reaching the next wave of price discovery amid a surge in users, developers, and builders. That said, if we chart out BTC and ETH's price action from previous high to new ATH, we'll see there is a "cup" pattern that forms over the course of 3 years. If we draw a similar pattern for SOL, we'll see price is following virtually the same trend despite what haters and skeptics are saying. That said, if we assume it'll take SOL 158 weeks to hit a new ATH, there's only 75 weeks left to go....

SOLUSD: Time To Bounce SOL has been under pressure over the past week or so following SEC enforcement actions against Binance and Coinbase, in which both cases the SEC claimed SOL (amongst others) is a security. This led to some exchanges, like Robinhood, delisting the token. However, others haven't (yet) followed suit, nor do I expect them. These kinds of lawsuits will take years to play out and have scared a lot of people in the short-term. However, Solana remains one of the best altcoins from a risk-reward standpoint and has several unique narratives in favor of it (monolithic chain, only non-EVM chain that unanimously a threat, L2s won't scale ETH, recent network upgrades, etc.). Not to mention, we continue to see all sorts of innovation coming out of the ecosystem that truly is "Only Possible On Solana," or "OPOS" as the community calls it! That said, there is likely to be plenty more time to accumulate. However, the recent pullback has made for an excellent time to buy if you're sitting on cash. Things to consider: • The 14-day RSI is currently at levels last seen when FTX collapsed (Nov. 2022) and when forced selling/tax loss harvesting/liquidations drove SOL sub $8 into year-end (Dec. 2022) • The near -50% retrace from local high coincides with a bounce off of the golden 0.618 Fib retracement level • Look at the way back to when SOL first started trading and draw a support line. You'll see the latest move to sub $13 coincided with a backtest of said support.

If you're bearish on SOL, you're missing the technical and/or fundamental setup. In either case, you are missing out on a massive opportunity to double your money at current levels, if not 50x over the course of the next several years. That's right, I think SOL could hit $1,000 next cycle. However, that's for another post.Bullish Fundamentals:• Currently the most hated L1, which is eerily similar to BTC maxis bashing ETH for the past several years. For a chain that people are so convinced of going to zero, it's amazing how much attention and hate people send its way. Said differently, people see SOL as a real threat.• One of the most active communities besides BTC and ETH.• One of the most active chains in terms of developers.• Cheapest and fastest transactions.• Daily (non-vote) transactions > all other L1s and L2s combined.• Backed by large institutions, with several others building on top of it. • More decentralized than any other L1 or L2 (see Nakamoto Coefficient).• Well positioned to dispel lots of "bad narratives," such as the association with SBF, being VC-backed, network going down, etc. • Taking a different approach to scalability. ETH, L2s, and EVM chains are all betting on their approach to scalability working, which many think will prove to be a failure come next bull market when all become incredibly congested like we see time and time again.• Lots of cool new innovation on the horizon; Jump's Fire Dancer scalability solution, Solana Saga mobile phone, real world assets picking up steam, innovative projects like Helium transitioning to Solana, etc.Bullish Technicals:• Appears to have found a bottom after correcting -97% from top to bottom over the past year, which is eerily similar to ETH in the 2018-2019 bear market.• Pushing up against 200D and 50D moving averages.• On the cusp of breaking out of a +1 year long descending channel.• Tightening Bollinger bands.As I see it, all the aforementioned fundamentals and technicals make for a powder keg that is set to explode in the short-, medium-, and long-term. Once SOL starts to break out of the current channel, we could see it rerate higher and place itself above other top crypto projects that have a less active community, weaker innovation, limited utility, and inefficient designs (ADA, DOGE, MATIC, BNB, etc.). For a top 20 project that has weathered so much bad news over the past 1/1.5 years, it's incredible that the community remains so vibrant and innovation is chugging along. No large cap cryptoasset is better positioned than SOL to surprise to the upside.

- Inverse head & shoulders- Downtrending resistance line on RSI- 1.618 Fib Extension matches up with implied target of inverse H&S- CRV is the leading (by TVL) and most innovative project in DeFi