Solana / SOLUSD just hit the Rising Support that started back on the December 26th 2022 Bear Cycle Bottom.
Meanwhile, it hit for the first time in its history its 1week MA200. This is a huge Support cluster.
Having declined by -68.21% from its January All Time High, it looks identical to the last correction (also -68.21%) of the last Bull Cycle in May-June 2021.
A +1278% rally followed and it since we now enter the final phase of the Bull Cycle with the most aggressive rallies historically made, a new +1278% increase is technically possible.
Target 1200.
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Meanwhile, it hit for the first time in its history its 1week MA200. This is a huge Support cluster.
Having declined by -68.21% from its January All Time High, it looks identical to the last correction (also -68.21%) of the last Bull Cycle in May-June 2021.
A +1278% rally followed and it since we now enter the final phase of the Bull Cycle with the most aggressive rallies historically made, a new +1278% increase is technically possible.
Target 1200.
Follow us, like the idea and leave a comment below!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.