Good morning!!
SOLV is quietly building strength under the radar. After weeks of compression, price action is forming a clean ascending channel with increasing volume and RSI momentum. It just broke above the 4EMA and is now pressing into the $0.0388 level — potentially prepping for a breakout.
📈 Key Technicals:
EMA 4 & 20 (black & green) flipping bullish – short-term structure is turning positive.
RSI at 65.19 and climbing steadily, showing sustained buying interest.
Price riding the EMA curve after reclaiming the descending resistance — a classic pre-breakout setup.
🛠️ Entry Ideas:
Aggressive entry: At current breakout levels ($0.0388) with volume confirmation.
Safer entry: On pullback and bounce from the $0.0350–$0.0360 zone (EMA & trendline confluence).
📌 Validation:
Bullish thesis valid as long as price stays above the $0.0330 area.
Breakdown below this would invalidate the ascending structure.
🎯 Target Zones (based on structure & historical S/R):
TP1: $0.0542 – local horizontal resistance and psychological barrier.
TP2: $0.0793 – volume gap fill zone; blue box = key liquidity pocket.
TP3: $0.0866 – strong resistance zone from earlier March spike.
🧠 Final Take: SOLV is showing accumulation behavior with tightening price action, increasing RSI, and EMA support. A clean breakout from here could kick off a fast move toward $0.05 and beyond.
Good trading !!!
Trade active
still there.. waiting..
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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.