Current Price: $158.55
Prediction: ๐ +101% move expected, target $320+
Analysis & Market Structure:
๐ Solana remains in a long-term uptrend within an ascending channel โ
๐ธ SOL has been respecting the higher highs and higher lows pattern, making this a strong bullish structure.
๐ธ SOL is now testing key support, presenting a high-reward, low-risk buying opportunity.
๐ Support Zone Near $150 โ
๐น The price has reached a critical support area, where buyers have previously stepped in.
๐น As long as SOL holds above $140-$150, the bullish trend remains valid.
๐ Major Resistance Levels Before $320:
โ๏ธ $180-$190: This is the first resistance zone that needs to break for bullish continuation.
โ๏ธ $220-$250: If SOL breaks above $190, the next major test will be around $220-$250.
โ๏ธ $300-$320: The final target zone in this bullish move. If momentum is strong, SOL could rally even higher.
๐ Indicators & Momentum:
โ๏ธ RSI & volume indicate buyers are stepping in, but a confirmation bounce is needed.
โ๏ธ Bullish trendline support is still intact, reinforcing the uptrend.
โ๏ธ A strong daily close above $170-$180 would confirm the next leg up.
Prediction & Strategy:
๐ Bullish Scenario (Most Likely):
Target: $320+ (101% gain) โ A bounce from current levels would confirm a reversal.
A break above $190-$200 will accelerate upside momentum toward $250 and then $320.
๐ Bearish Scenario (Less Likely but Possible):
If SOL breaks below $140, it could retest $120-$100 before bouncing back up.
A break below $100 would invalidate the long-term bullish thesis.
Final Thoughts โ Why SOL is a Strong Buy Here
๐ Solana is still one of the most bullish altcoins, and this dip presents a solid buying opportunity.
๐ธ SOL remains in an uptrend, and buying near support provides a low-risk, high-reward trade.
๐ธ For traders wanting more profits, Litecoin or leverage on SOL futures could be an alternative.
๐ Overall Bias: Strong Buy โ
๐ฏ Short-Term Target: $180 - $200
๐ฏ Mid-Term Target: $250
๐ฏ Long-Term Target: $320+ ๐
๐ก If youโre looking for a solid 100%+ profit trade with manageable risk, SOL is an excellent choice! ๐๐ฅ
Prediction: ๐ +101% move expected, target $320+
Analysis & Market Structure:
๐ Solana remains in a long-term uptrend within an ascending channel โ
๐ธ SOL has been respecting the higher highs and higher lows pattern, making this a strong bullish structure.
๐ธ SOL is now testing key support, presenting a high-reward, low-risk buying opportunity.
๐ Support Zone Near $150 โ
๐น The price has reached a critical support area, where buyers have previously stepped in.
๐น As long as SOL holds above $140-$150, the bullish trend remains valid.
๐ Major Resistance Levels Before $320:
โ๏ธ $180-$190: This is the first resistance zone that needs to break for bullish continuation.
โ๏ธ $220-$250: If SOL breaks above $190, the next major test will be around $220-$250.
โ๏ธ $300-$320: The final target zone in this bullish move. If momentum is strong, SOL could rally even higher.
๐ Indicators & Momentum:
โ๏ธ RSI & volume indicate buyers are stepping in, but a confirmation bounce is needed.
โ๏ธ Bullish trendline support is still intact, reinforcing the uptrend.
โ๏ธ A strong daily close above $170-$180 would confirm the next leg up.
Prediction & Strategy:
๐ Bullish Scenario (Most Likely):
Target: $320+ (101% gain) โ A bounce from current levels would confirm a reversal.
A break above $190-$200 will accelerate upside momentum toward $250 and then $320.
๐ Bearish Scenario (Less Likely but Possible):
If SOL breaks below $140, it could retest $120-$100 before bouncing back up.
A break below $100 would invalidate the long-term bullish thesis.
Final Thoughts โ Why SOL is a Strong Buy Here
๐ Solana is still one of the most bullish altcoins, and this dip presents a solid buying opportunity.
๐ธ SOL remains in an uptrend, and buying near support provides a low-risk, high-reward trade.
๐ธ For traders wanting more profits, Litecoin or leverage on SOL futures could be an alternative.
๐ Overall Bias: Strong Buy โ
๐ฏ Short-Term Target: $180 - $200
๐ฏ Mid-Term Target: $250
๐ฏ Long-Term Target: $320+ ๐
๐ก If youโre looking for a solid 100%+ profit trade with manageable risk, SOL is an excellent choice! ๐๐ฅ
Dhanda The Great
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.
Dhanda The Great
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.