What's in Store for SOLUSDT (Solana) ?
⚪ Solana (SOL) has been a notable performer within the crypto sphere. Its price trajectory has exhibited remarkable potential, characterized by its presence within a well-defined ascending channel. This pattern, stretching across multiple timeframes, amplifies the probability of a significant uptrend on the horizon.
⚪ A critical piece of evidence supporting this bullish perspective lies in recent price movements. The market demonstrated a notable response to the 61.8% Fibonacci retracement support level, which acted as a robust foundation for SOL's price action. Furthermore, the picture becomes even more compelling as SOLUSDT broke free from a minor descending channel, signifying an impressive shift in market sentiment.
⚪ This shift underscores the growing buying interest in SOL, reflecting a rapidly increasing demand. Such strong bullish signs suggest that investors and traders should be vigilant in their watch for an opportune entry point. It is worth noting that the attractiveness of lower prices continues to grow, making SOL a tantalizing prospect for those seeking entry into the market.
⚪ While Solana might experience a minor corrective move in the short term, a broader perspective reveals that a significant rally could be imminent. Thus, astute market participants should remain vigilant as the situation unfolds.
P.S. as always, trade setup will be posted in our channel
⚪ A critical piece of evidence supporting this bullish perspective lies in recent price movements. The market demonstrated a notable response to the 61.8% Fibonacci retracement support level, which acted as a robust foundation for SOL's price action. Furthermore, the picture becomes even more compelling as SOLUSDT broke free from a minor descending channel, signifying an impressive shift in market sentiment.
⚪ This shift underscores the growing buying interest in SOL, reflecting a rapidly increasing demand. Such strong bullish signs suggest that investors and traders should be vigilant in their watch for an opportune entry point. It is worth noting that the attractiveness of lower prices continues to grow, making SOL a tantalizing prospect for those seeking entry into the market.
⚪ While Solana might experience a minor corrective move in the short term, a broader perspective reveals that a significant rally could be imminent. Thus, astute market participants should remain vigilant as the situation unfolds.
P.S. as always, trade setup will be posted in our channel
Note
Trade Setup posted in our channelTrade closed: target reached
Fixing profitTrade closed: target reached
High chance of a trend reversal from this pointTrade closed: target reached
Note
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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.
📱 Telegram: t.me/Tradensee
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.