Having reliable data when trading crypto on Solana is a must. Many people don’t know how to effectively use solid data for analysis. Here are some essential resources for obtaining accurate data:

• Messari
• Arkham
• DeFi Pulse
• CoinGecko
• Solsniffer
• BubbleMaps

Technical analysis techniques:

• Fundamental analysis: Evaluate a project’s technology (if any), the team’s historic performance, and its adoption roadmap to understand its potential.
• Technical analysis: Using indicators and chart patterns to predict price movements and trends in the crypto market.
• Sentimental analysis: By analyzing social media and news outlets, this gives a sense of the market sentiment for some insights.

More:

• Social media monitoring: Platforms like Twitter and Reddit offer a glimpse into public sentiment. Tools like Cointelegraph Markets Pro analyze these conversations.
• News analysis: Reviewing news articles helps traders understand how recent events impact market sentiment.
• Fear and greed index: This tool scores market sentiment from 0 (extreme fear) to 100 (extreme greed), serving to give guidance for the market mood.
• Whale monitoring: Observing large transactions can provide hints about the shifts in market sentiment.

Ready to step up your trading strategy?