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Is Solana leading crypto higher after panic sell-off?

Snapshot Thursday

Swissblock Insights

Aug 8

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Dear Subscribers,

Happy Snapshot Thursday!

First published in our Telegram Group, Swissblock’s Henrik Zeberg shares his weekly insights on crypto and macro price action. Make sure to join the channel for the most direct access to this resource:

Swissblock Telegram Group

Henrik is relatively unimpressed by the macro-driven crash last Monday and sees new highs, and potentially even a kick-off of Altcoin Season with Solana leading the pack. Let’s keep an eye on this together, if Altcoin Season kicks off in the next 2 to 4 weeks we all owe Henrik a beer.

Now let’s let Henrik take over:

Moonkin has voiced concerns in prior editions, and we appreciate his openness and his engagement. Snapshot Thursdays are one advanced expert opinion that we assign a lot of value to. Getting into major altcoins at current levels may well be (very) rewarding.

On the other hand, our proprietary Bitcoin Risk Signal, our Risk/Reward metric, and our Algotrend Signal all point towards a more cautious approach for the short-term. In our written publications, we will go deeper into our signals. Even though we expect $100k BTC by 2025 (the latest), we want to guide our readers through fluctuations in the market more effectively and more closely aligned with our internal trading team.

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