SOL → Transfer from accumulation to distribution
Updated
SOLUSDT reacts with growth following the rest of the market. The reaction was provoked by the beginning of the Fed's rate reduction course. How long this reaction will last is unknown, but at the moment the coin is moving into the realization phase.... Buyers continue to hold the price above 121-126, forming a clear boundary for the market as well as a bottom. The potential of the coin is quite interesting, because if the bulls continue to move forward proactively, the coin may reach ATH in the medium / long term.
On H4, SOL is entering the realization phase, breaking through the consolidation resistance. If the bulls hold 138.13, then it will go up.
Resistance levels: 138.13, SMA200
Support levels: 126.8
There is a lot of energy accumulated to move in one direction or another. The price exit through the resistance sends hints). If the buyers pass through the resistance (trigger), the active phase of realization will begin, the target of which could be 162 - 193
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Trade active
Consolidation is forming in the zone of key resistance....Trade active
SOL breaks out and updates the local high.
Going higher...
Trade active
Trade active
Trade active
Above the blue line the bulls are trying to hold the defense. If SOL starts to update local highs, the growth will continue up to 160.0
BUT, if the coin retests the support and starts to update the lows, we should consider a correction to 140.
Trade active
Trade active
The realization continues...Trade active
Continuing to hold Trade closed: target reached
+16%
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