Solana last buying opportunity? SOL-USDT analysis | NakedTrader

Solana last buying opportunity? SOL-USDT analysis

Jun 11th I analyzed SOLANA - USDT in the weekupdate and one of the scenarios played out with an profit of more than 100%, link to this video:
https://www.youtube.com/watch?v=GI-VwgQCq2w

Based on technical analysis I will chart Solana / SOL $ crypto and find support and resistance levels. So lets start with today's chart!

Solana is a high-performance blockchain platform designed to provide fast and scalable solutions for decentralized applications (DApps) and crypto projects. It aims to address the scalability issues often associated with blockchain networks by utilizing innovative technologies.
Solana was founded in 2020 by Anatoly Yakovenko, a former Qualcomm engineer. The platform is built on a unique consensus mechanism called "Proof of History" (PoH), which enhances the overall network scalability. PoH timestamps each transaction before they are added to the blockchain, ensuring a reliable chronological order of events.
One of Solana's key features is its ability to process a large number of transactions per second (TPS) at a low cost, making it suitable for a wide range of applications including decentralized finance (DeFi), non-fungible tokens (NFTs), and more. This speed is achieved through its use of a unique combination of technologies, including a unique data structure known as a "Tower BFT" consensus algorithm and GPU acceleration.
Solana's ecosystem has attracted attention from developers and investors due to its potential to handle complex applications without compromising on speed and security. Its native cryptocurrency is called SOL, which is used for transactions, staking, and participating in the network's governance.
In summary, Solana is a blockchain platform that addresses scalability challenges using innovative technologies such as the Proof of History consensus mechanism. It offers high-speed, low-cost transactions, making it a promising contender in the blockchain space.
Please note that this is a concise overview, and for more detailed information about Solana, its features, and its impact on the blockchain industry, it's recommended to explore official resources and documentation.

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Chapters

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00:00 ⏩ Intro
00:22 ⏩ Solana last buying opportunity? SOL-USDT analysis
07:38 ⏩ Thanks and Goodbye + Outro

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*Disclaimer*
Please be advised that the content of my videos are intended FOR EDUCATIONAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.