Part 2/9:
To explore the future of Solana price points, it's vital to analyze its long-term performance—not just in relation to USD, but in comparison to other cryptocurrencies, particularly Bitcoin. For Solana to thrive this cycle, it must endure against Bitcoin and maintain its positioning in the market as it enters this second cycle.
Analyzing the charts provides clarity; from the bottom in December 2022, Solana experienced significant growth, a 29x increase, and touched its previous all-time high at $250 briefly around key socio-political events such as Trump's inauguration. However, Solana’s recent downward trajectory, dipping below $100, raised the pivotal question: is Solana forming a double top structure signaling the end?