Yet another reason to buy SOL - charts looking good
From the earlier post today, SOL is one of the 3 coins in Trumps crypto strategic reserve that was just announced. So that alone is a nice reason to buy after it's been correcting since mid-January. I have a lot of respect for Raoul Pal from Real Vision. 3 days ago, he mentioned the SOL chart was in the 2nd standard deviation of being oversold. He also pointed out the RSI (Relative Strength Index) hasn't been this low since 2022 (lower the RSI, typically considered a better value). Will there be other cryptos that will have higher % gains that SOL during 2025? Of course. However, many of these will be more likely to fall faster when the market corrects...whereas SOL will have less downside. SOL is considered a blue chip crypto. Some of the crypto "experts" are predicting a 3 to 4X gain this year (maybe continuing into 2026). If you want higher gains than that, expect to start chasing smaller market cap coins that are higher on the risk/reward ratio. However, pay close attention and be ready to exit more quickly as the descent can be more rapid.