Bitcoin vs Solana: Which Chart Pattern Will EXPLODE First? & HYPE Stablecoin Buzz!

"I obviously would not be buying it because the risk-to-reward here simply is not worth it from a trading perspective. However, if we go down into the lower time frames, I'll go down into the daily time frame right now. What you could see is that we had this huge ascending triangle from uh essentially $158 up to $26. $20. It kept on hitting at resistance, resistance, resistance. Bam, bam, bam, bam, bam. A little fake out right here. And so if we come back down there, what do I always say? I always say resistance typically turns into support. So around 206 to maybe 20 $10, um, is where I will be looking for longs. You might even get cheeky and say $211 if you want to frontr run it a little bit. But that is the origin of this breakout of the move. And uh so if it comes down to $211, that's where I want to be getting into Salana because I do think that it does have a lot of potential and it can go all the way back up to $260, maybe even $270."

"So I do have that's why I am more bullish in the macro picture on Salana because obviously you're in crypto you want to outperform Bitcoin and so now that Salana is back within the range where it was above 0.0019 333 against Bitcoin 193 those I'm talking in sats here. Okay. Um I'm more inclined to long it and uh you know look for longs and potentially take my profits against Bitcoin at uh 0.002. 0027096 SATs."

"Okay, that is for Sooie. All right, if it comes back down there to me that seems like a great place to buy considering that it jumped up from there not once, not twice, not three times, not four times, like so many times. And it's it's it's just such an obvious place, right? It's a huge huge huge support at $3.33 for Sooie. I would look for longs right there. And if that fails, do not worry because we also have a gigantic diagonal trend line supports and that looks to be if it falls down within the certain range probably around $38 somewhere around there. $38."

"So, what is that like 10 months, nine months now? Um and we broke above that big big big resistance just last week. So, if we come back down to that uh $26.60 region, that's going to be a great region in my opinion to be looking for long longing opportunities because like I always say, resistance turns into support. And uh if that happens, uh I would probably look for longs. And I don't know where I would target, but obviously the target highs would be $53. Um and uh I would probably take some off the table at around 40 bucks, maybe 39 bucks just to be sure."

"Native Markets has won. Um so what happens now? Well, so first is you have a small scale test phase for mints and redemptions that starts quote within days and that's followed by USDH and USDC spot pair remove and removal of caps."

"And so yeah, I think now is probably a good time to be sort of eyeing up interesting uh projects in Salana's ecosystem because we could you know and as Nick said some of them are are already pumping but um they could attract ract a lot more capital if Soul keeps going higher, which it looks like it has a pretty decent chance of doing."

"So there's Alpen Glow, which is incoming. This upgrade boosts throughput to 100k TPS. It's also cutting finality to uh 0.15 seconds. Um it's slashing validator costs by 98%. Um and also streamlining consensus. Basically making the whole thing faster and cheaper and and I think this is really important preparing it more for sort of institutional use."

"And then on the 21st, we got a pretty big unlock of Optimism's OP tokens. Uh so this is about close to 7% of the uh released supply. So keep an eye on that."

"I believe uh the sole ones are still on the table for October as in next month."

"There's a lot of reasons why this why this has done so well, right? Buybacks, creator incentives, project ascend which updates aimed at making tokens more sustainable and then there's also the streaming getting more popular in general. Streaming on pump. Fun seems to be really gathering momentum. Um, and there's lots of people talking about, you know, this being another sort of potential line of business, a challenger to Twitch, which is the big sort of streaming platform uh um at the moment."

"Um so the upgrades, there's been upgrades to their platform and also speculation it could be the next BNB given that it's backed by by bit. It used to be Bit Dow if you recall."

"Wednesday's the day. Printer is coming. Yep. This is the FOMC meeting. Will it be It will almost certainly be a rate cut. Um it'll be a Wow, that would be bearish if it isn't. Um 25 bips is what is expected, but maybe it'll be 50."

"Mike Noratz said that Salana can process 14 billion transactions daily, calling it ready for global markets. Uh he also added quote, 'This is the season of soul.'"

"We've come down. We try to go and sweep the liquidity towards the upside. We've come down to sweep the liquidity at the 114K level. So hopefully that liquidation zone will serve as a key magnet to the upside."

"this is a big revenue earner as you mentioned potentially about $200 million given the reserves there and I guess circle it's kind of like in a bit of a sticky situation now because they have big reliance on Coinbase as distribution."

"114k level uh which would hopefully be act as a resistance again. Let's see or no support a support for the price."

"So, what we're trying to what we're starting to see is the soul the ETH playbook that has hap that happened about two months ago with these DATs driving demand coming through. The only thing that's missing now for a real soul tra um you know rally to sustain sustainable rally is the ETF products."

"this is not great news for Circle because like $200 million of revenue is is a pretty sizable chunk of their business. But actually, I think it's more kind of worrying in the kind of longer term because this kind of suggests that now obviously Hyperlquid is is is one of the biggest DeFi protocols out there, but it kind of suggests like maybe others are going to follow like as you said, it protects them from, you know, being reliant on an outside stable coin issue."

"So, I kind of think we're probably going to see a lot more of this sort of thing, which you imagine is going to hurt the incumbents like Circle and perhaps Tether, although Tether is more geared towards sort of payments, isn't it? Circle I think is vulnerable because Circle USDC has been so embedded in DeFi for so such a long time. Exly. That's not just protocols, also about all these other native stable coins being issued by payment service providers, potentially banks, bank stable coin launched eventually. Genius has unlocked a lot of that. So, it's not necessarily bullish for circle. Either way, this news is very bullish for hyperlquid."