Solana is absolutely on fire! On this 1-day chart, we’re witnessing a massive rising channel that’s been building since 2023. After a solid rebound from the $93 support, Solana has smashed through a fractal resistance line (check that arched arrow from mid-2023 to early 2024 top). Now, it’s breaking out at a parallel resistance, hanging around $174 — and this could be the setup for a MASSIVE move upward!
I’m calling a potential target of $1,000 if SOLUSDT can muscle through the big resistances ahead: $200, the ATH at $270, and everything beyond. This breakout screams opportunity — Solana might just catch another wave of demand and go parabolic! The $93 support (marked "Back to Nothing Below This Line") looks rock-solid, giving us a strong foundation for this rally.
Key Levels to Watch:
Are you ready for this? I’m buzzing — I can’t believe this might actually happen!
Let’s hear your thoughts, traders! Are we heading to $1,000, or will resistance hold us back?
I’m calling a potential target of $1,000 if SOLUSDT can muscle through the big resistances ahead: $200, the ATH at $270, and everything beyond. This breakout screams opportunity — Solana might just catch another wave of demand and go parabolic! The $93 support (marked "Back to Nothing Below This Line") looks rock-solid, giving us a strong foundation for this rally.
Key Levels to Watch:
Support: $93 (channel base)
Current Price: $174 (breakout zone)
Resistances: $200, $270 (ATH)
Target: $1,000 (if momentum holds)
Are you ready for this? I’m buzzing — I can’t believe this might actually happen!
Let’s hear your thoughts, traders! Are we heading to $1,000, or will resistance hold us back?
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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.