SOLANA BUYLIMITHello friends
Considering the good growth we had, you can see that the price has made a small correction after reaching its ceiling and has entered a range.
Now, with the price correction, there is a good opportunity to buy in stages and with capital management and move towards the specified goals.
*Trade safely with us*
Solusdtlong
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower limit of the channel at 166, which acts as strong support from which the price can rebound.
Entry price: 172.
First target: 176.
Second target: 181.
Third target: 186.
Open long when this happens...My bias for Solana is very bullish. But the current price set up is very similar to April 2022 when the price started to have a major downside move. (See blue vertical line in the chart)
Similarities between April 2022 and today's chart set up in the daily chart:
1) The price moved from the peak (Historical all time high) to trough in the descending parallel channel over four months.
2) The price finally moved out of the the channel and decisively moved up to the major support resistance line (see red horizontal line)
3) Both RSI and MACD have moved way above the overbought territory and the lines are crossed to the downside.
4) EMA21 has crossed above EMA 55, but the EMA200 is still above EMA21 and 55.5) The price has moved and closed above all EMAs but it is pulling back.
I have already finished spot buying at a much lower price point, but I am now looking for a long trading opportunity if the parabolic run is going to happen.
The set-ups for a long trade that I am waiting for are:
1) EMA 22 and EMA 55 are to move above EMA 200.
2) The price to pull back to EMAs and move up and close above EMA 21.
3) RSI and MACD to come back to at least 0 if not below 0 and start to move to the upside.
The set up where the orange vertical line in the chart is a good example of a sort of entry set up described above.
Solana Is One Breakout Away From a Bullish Explosion!Yello, Paradisers! Did you notice how #SOLUSD has been quietly positioning itself while the rest of the market remains uncertain? If you're not paying attention right now, you could be missing one of the cleanest setups on the charts.
💎After several weeks of downside grind and tight consolidation, Solana has just broken out of a falling wedge—a powerful bullish pattern that typically signals trend reversals or the start of a strong upside leg. This breakout wasn’t random either. It occurred after SOL successfully defended a key higher time frame support zone, signaling strength behind the move.
💎For #SOLUSDT, all eyes are on the $136.50 resistance level. This is a critical structural pivot. A clean break and close above this level would confirm a shift in higher time frame momentum from neutral to bullish. Until that happens, bulls still need to proceed with caution—but the setup is clearly developing in their favor.
💎Adding conviction to the idea of a bullish breakout are several supporting factors. Oscillators are showing bullish divergences, a classic sign that seller momentum is fading. At the same time, a golden cross formation on the 12-hour chart is getting closer which typically precedes sustained trend reversals and stronger moves to the upside.
💎If bulls succeed in reclaiming $136.50, the next price targets are $155–$160 as the initial strong resistance zone where some profit-taking could occur. If bulls hold strength, SOL is likely to head further higher and aim for $180–$190, which lines up with the target of the wedge pattern. This is a strong resistance zone and a level which could mark end of the corrective phase for Solana.
💎On the downside, immediate support lies between $110–$115. This is a well-defined range of demand and should offer strong buying interest if any short-term pullbacks occur.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Solana (SOL) Rallies Above $162 Zone: Technical and FundamentalSolana (SOL) Rallies Above $162 Zone: A Technical and Fundamental Analysis of Its Path to $180 and Beyond
Solana (SOL), the high-performance blockchain network known for its lightning-fast transactions and scalable infrastructure, has once again captured the attention of cryptocurrency markets. After a fresh surge above the $162 psychological level, SOL price has entered a consolidation phase near $175, hinting at a potential breakout toward $180 and even $200. This article delves into the technical indicators, fundamental catalysts, and market sentiment driving Solana’s recent rally, while offering a balanced perspective on its short- and long-term prospects.
Technical Analysis: Rising Channel and Key Resistance Levels
1. Recent Price Action and Consolidation Phase
Solana’s price trajectory in recent weeks has been marked by volatility, but the broader trend remains bullish. On , SOL initiated a fresh upward move above the $155 and $162 zones, fueled by renewed investor confidence and macroeconomic tailwinds. The rally, however, faced resistance near $165, causing a temporary pullback.
SOL is trading near $175, consolidating gains after a 22% intraday surge. This consolidation phase aligns with the formation of a short-term rising channel on the hourly chart (data sourced from Kraken), with immediate support at $172. The channel’s upper boundary currently resides near $176, a critical resistance zone that, if breached, could trigger a fresh rally toward $180 and beyond.
2. Key Technical Indicators
• 100-Hourly Simple Moving Average (SMA): SOL price is currently trading below the 100-hour SMA, suggesting short-term bearish sentiment. However, a close above this level could signal a resumption of the uptrend.
• Relative Strength Index (RSI): The RSI on the hourly chart hovers near 50, indicating neutral momentum. A move above 60 would confirm bullish dominance.
• Volume Profile: Recent price spikes have been accompanied by elevated trading volumes, reinforcing the strength of the rally.
3. Bullish Scenario: Breaking $176 and Targeting $180
If Solana successfully clears the $176 resistance, the next immediate target would be the $180 psychological level, which coincides with the 200-day moving average. Analysts note that a sustained close above $180 could open the door to $200, driven by momentum traders and institutional inflows.
4. Bearish Scenario: Support at $172 and $165
Conversely, a breakdown below $172 would invalidate the rising channel pattern, exposing the $165 support zone. Further weakness could retest the $155 level, though this outcome appears less likely given the current bullish momentum.
________________________________________
Fundamental Drivers: 1inch Integration and Memecoin Frenzy
1. 1inch Network Integration: A Catalyst for Growth
One of the key fundamental catalysts behind Solana’s rally is its integration with 1inch Network, a decentralized exchange (DEX) aggregator and liquidity protocol. This partnership enhances Solana’s ecosystem by:
• Improving Liquidity: 1inch’s aggregation algorithms optimize trade execution on Solana-based DEXs, attracting traders and liquidity providers.
• Expanding Use Cases: The integration enables seamless cross-chain swaps, positioning Solana as a hub for multi-chain DeFi activity.
• Boosting Developer Activity: Increased infrastructure support could accelerate the launch of new decentralized applications (dApps) on Solana.
2. Memecoin Surge: The Role of Speculative Capital
Solana has emerged as a preferred platform for memecoin launches, driven by its low transaction fees and high throughput. Projects like SEED_DONKEYDAN_MARKET_CAP:BONK and NASDAQ:WEN have gained viral traction, drawing retail investors and creating a “fear of missing out” (FOMO). This speculative frenzy mirrors Ethereum’s memecoin boom in 2021–2022, with Solana’s faster and cheaper network offering a competitive edge.
3. Institutional and Retail Adoption
• Institutional Interest: Grayscale and other asset managers have added Solana to their crypto investment products, signaling growing institutional confidence.
• Retail Participation: On-chain data reveals a surge in small-cap wallet creations, indicating grassroots retail adoption.
________________________________________
Market Sentiment and Analyst Predictions
1. Bullish Outlook from Analysts
Technical analysts and on-chain experts have highlighted several factors supporting Solana’s bullish case:
• Accumulation by Whales: On-chain analytics firm Santiment reported a spike in large whale transactions, suggesting institutional accumulation.
• Network Activity Metrics: Solana’s daily active addresses and transaction volume have surged to 3-month highs, reflecting heightened network usage.
• Rare Chart Pattern: A “cup-and-handle” pattern on the daily chart implies potential for a 30–40% rally if resistance at $180 is cleared.
2. Skepticism and Risks
Critics argue that Solana’s rally is overextended, citing:
• Overbought RSI on Weekly Charts: The RSI currently resides near 75, signaling overbought conditions that could precede a correction.
• Competitive Pressure: Ethereum’s Layer 2 solutions (e.g., Arbitrum, Optimism) and rivals like Sui and Aptos continue to challenge Solana’s market share.
• Regulatory Risks: The SEC’s ongoing crackdown on crypto exchanges and tokens could dampen investor sentiment across the sector.
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Future Projections: Path to $200 and Beyond
1. Short-Term Target: $180–$200
If Solana sustains its rally above $176, the next resistance zones to monitor are:
• $180: Psychological barrier and 200-day SMA.
• $190: Fibonacci extension level from the recent rally.
• $200: Historical resistance-turned-support from late 2023.
2. Long-Term Potential: $300+ in Q4 2024
Bullish scenarios envision SOL reaching $250–$300 by year-end, driven by:
• Spot SOL ETF Approvals: Regulatory greenlights in the U.S. could unlock billions in institutional inflows.
• AI and Web3 Integration: Solana’s partnership with AI projects (e.g., ChatGPT integration on Solana-based apps) could drive mainstream adoption.
• Bitcoin’s Bull Run: A broader crypto market rally, spurred by Bitcoin’s potential breakout above $80,000, would likely lift Solana’s price.
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Risks and Challenges
1. Market-Wide Volatility
Cryptocurrencies remain highly correlated with macroeconomic factors, including U.S. interest rates and equity market performance. A sudden Federal Reserve pivot toward hawkish policy or a stock market crash could trigger a sector-wide sell-off.
2. Network Downtime and Security Risks
Solana has experienced periodic network outages and congestion during high demand. While the team has addressed these issues through upgrades, any future disruptions could erode trust.
3. Regulatory Uncertainty
The SEC’s classification of SOL as a security (vs. commodity) remains unresolved. Adverse regulatory rulings could impose restrictions on trading and staking.
________________________________________
Conclusion: Is Solana a Buy Ahead of the Next Leg Up?
Solana’s recent rally above $162 and consolidation near $175 underscores its resilience and growing appeal among traders and developers. Technical indicators, coupled with fundamental catalysts like 1inch integration and memecoin adoption, paint a bullish picture for SOL’s trajectory toward $180 and $200. However, investors must remain cautious of overbought conditions, competitive pressures, and regulatory risks.
For those considering exposure, a dollar-cost averaging (DCA) strategy could mitigate volatility risks, while close monitoring of on-chain metrics and macroeconomic trends will be critical. As with all investments in crypto, thorough research and risk management are paramount.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and speculative. Always consult a qualified professional before making investment decisions.
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, this support is at 172.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 173
First target: 176
Second target: 180
Third target: 183
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, this support is at 144.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 149
First target: 153
Second target: 156
Third target: 161
Solana Price Target: Expert Predicts $180–$200 BreakoutSolana Price Target: Expert Predicts $180–$200 BreakoutSolana (SOL), one of the most prominent blockchain platforms in the cryptocurrency market, has been on a tear recently, with its price rallying significantly. As of today, Solana’s bullish momentum has caught the attention of investors and analysts alike, with many predicting a breakout to the $180–$200 price range. This optimistic outlook comes on the back of strong technical indicators, increasing adoption, and improving fundamentals.
In this article, we’ll explore the key factors driving Solana’s price rally, analyze expert predictions, and assess whether SOL can sustain its upward trajectory to hit the $200 mark.
________________________________________
Solana’s Recent Rally: A Snapshot
Solana has seen a remarkable recovery in recent weeks, with its price climbing steadily after periods of consolidation and minor corrections. The blockchain platform, known for its high-speed transactions and low fees, is once again making waves as it captures investor interest.
Key Highlights of the Rally:
1. Price Momentum: Solana’s price surged by over 30% in the last week, breaking past key resistance levels and positioning itself for further gains.
2. High Trading Volumes: The rally has been accompanied by a significant increase in trading volumes, indicating strong market participation.
3. On-Chain Activity: Solana’s on-chain activity has also spiked, with rising transaction counts and growing usage of decentralized applications (dApps) on its network.
These developments underscore the growing confidence among investors and the sustained demand for Solana’s ecosystem.
________________________________________
What’s Driving Solana’s Price Surge?
The ongoing rally in Solana's price is being fueled by a combination of technical, fundamental, and macroeconomic factors. Let’s take a closer look at these drivers:
1. Strong Technical Indicators
Technical analysis suggests that Solana’s price is in a bullish breakout phase. Analysts have pointed to several key technical patterns that support the prediction of a move toward $200:
• Ascending Triangle Pattern: Solana’s price chart shows an ascending triangle formation, a bullish continuation pattern that typically signals a breakout to higher levels.
• Support and Resistance Levels: SOL recently broke through the $150 resistance level, which had previously acted as a key barrier. With this resistance now flipped into support, the path to $180–$200 becomes more feasible.
• Moving Averages: Solana’s price is trading well above its 50-day and 200-day moving averages, a classic bullish signal that indicates strong upward momentum.
2. Ecosystem Growth
Solana’s ecosystem has been expanding rapidly, with an increasing number of developers and projects choosing its blockchain for their applications. Key areas of growth include:
• DeFi Expansion: Solana has become a hub for decentralized finance (DeFi) projects, with platforms such as Raydium, Serum, and Marinade gaining traction.
• NFT Boom: The Solana blockchain has also emerged as a major player in the non-fungible token (NFT) space, hosting popular marketplaces like Magic Eden and SolSea.
• Gaming and Web3: Solana’s high-speed, low-cost infrastructure makes it an ideal platform for blockchain-based gaming and Web3 applications.
This growing ecosystem contributes to increased demand for SOL tokens, driving up their value.
3. Institutional Interest
Institutional investors have been steadily increasing their exposure to Solana. This trend is evident from the inflows into Solana-based investment products and the growing number of hedge funds and venture capital firms backing Solana projects.
Notably, Solana’s ability to process thousands of transactions per second at a fraction of the cost of Ethereum has made it an attractive alternative for institutional use cases.
4. Favorable Market Conditions
The broader cryptocurrency market has also been in a recovery phase, with Bitcoin, Ethereum, and other major cryptocurrencies rallying. This positive market sentiment has spilled over into Solana, amplifying its price gains.
Additionally, the macroeconomic environment—characterized by easing inflation concerns and renewed interest in risk assets—has created a conducive environment for cryptocurrencies to thrive.
________________________________________
Expert Predictions: $180–$200 Breakout
Several experts and analysts have weighed in on Solana’s price trajectory, with many predicting a move to $180–$200 in the near term. Here are some of the most notable predictions:
Technical Analysts See Bullish Patterns
Prominent cryptocurrency analysts have pointed to bullish technical patterns that suggest Solana could soon reach $200. For instance:
• Ascending Triangle Target: Based on the ascending triangle pattern, the measured move suggests a price target of $190–$200.
• Fibonacci Retracement Levels: Analysts using Fibonacci retracement levels have identified $180 and $200 as key levels of interest.
Institutional Analysts Eye $200
Institutional analysts have also expressed optimism about Solana’s price potential. A recent report by a leading investment firm highlighted the following factors supporting a $200 price target:
• Increasing adoption in the DeFi and NFT sectors.
• Strong developer activity on the Solana blockchain.
• Growing institutional inflows into Solana-based products.
Community Sentiment
The Solana community remains highly bullish, with many investors and enthusiasts sharing optimistic price targets on social media platforms. This positive sentiment often serves as a self-reinforcing mechanism, attracting more buyers and driving up the price.
________________________________________
Challenges and Risks
While the outlook for Solana appears promising, it’s important to consider the potential challenges and risks that could impact its price trajectory:
1. Competition from Ethereum and Layer-2 Solutions
Ethereum’s transition to Proof of Stake (PoS) and the rise of Layer-2 scaling solutions like Arbitrum and Optimism could pose challenges to Solana’s market share. These competitors are addressing scalability issues, reducing the competitive advantage that Solana has traditionally enjoyed.
2. Network Outages
Solana has faced criticism for network outages in the past, which have raised concerns about its reliability. Any future outages could undermine investor confidence and slow adoption.
3. Regulatory Uncertainty
The cryptocurrency market remains highly sensitive to regulatory developments. Unfavorable regulations targeting DeFi, NFTs, or blockchain technology could negatively impact Solana and the broader market.
4. Market Volatility
Cryptocurrencies are inherently volatile, and Solana is no exception. While the current rally is encouraging, sharp corrections are always a possibility, particularly if external factors such as macroeconomic events or market sentiment shift.
________________________________________
Can Solana Sustain Its Momentum?
For Solana to sustain its momentum and achieve the $200 price target, several factors need to align:
• Continued Ecosystem Growth: Solana must maintain its position as a leading platform for DeFi, NFTs, and Web3 applications. This requires ongoing innovation and developer support.
• Institutional Adoption: Increased participation from institutional investors will be critical to sustaining demand for SOL tokens.
• Positive Market Sentiment: The broader cryptocurrency market needs to remain in a bullish phase, providing a favorable backdrop for Solana’s price growth.
• Resolving Network Issues: Addressing concerns about network reliability and scalability will be key to maintaining investor confidence.
________________________________________
Conclusion
Solana’s recent rally and the expert predictions of a $180–$200 breakout highlight the growing confidence in its ecosystem and price potential. Driven by strong technical indicators, ecosystem expansion, institutional interest, and favorable market conditions, Solana appears well-positioned for further gains.
However, challenges such as competition, network reliability, regulatory risks, and market volatility remain. Investors should approach Solana with cautious optimism, balancing the bullish outlook with an awareness of the risks involved.
As Solana continues its upward trajectory, the $200 milestone could mark a significant achievement for the blockchain platform, solidifying its status as one of the leading players in the cryptocurrency space. Whether this rally leads to sustained growth or faces temporary setbacks, one thing is clear: Solana’s growing ecosystem and innovative technology make it a force to be reckoned with in the world of blockchain and decentralized applications.
SOLUSDT Reversal Brewing — Watch This Level or Get Wrecked!Yello Paradisers — Are you paying attention to #SOLUSDT? Because what’s forming right now isn’t just noise — it’s a high-probability reversal setup that could trap the late bulls or become the kind of move that sets the tone for the next few weeks. Either way, the next play is going to separate professionals from gamblers. Let’s talk.
💎#SOLUSDT has been printing textbook bearish price action for weeks — lower lows and lower highs on the major time frame. But something critical has just changed. A break in market structure has occurred, and we’ve now got a higher high. That’s your first probable signal that the tide may be turning. Now comes the most important test — can we form the higher low to confirm this shift?
💎What makes this setup even more interesting is that we’re not just seeing a random bounce. SOL is in the middle of potentially probable completing two major bullish reversal patterns — an inverse head and shoulders and a Quasimodo. The left shoulder and neckline are already locked in. The right shoulder? Still cooking. But here’s the thing — the previous resistance, which aligns perfectly with where the right shoulder could form, is lining up as a textbook retest zone. That means we could get the higher low right there, completing both patterns at once.
💎Right now, price is struggling against multi-timeframe resistance, and that’s exactly what we want. It increases the probability of a short-term pullback to the key zone — around 110.9 to 115 — before the real breakout happens. If that level holds, and we print a confirmed higher low, this whole setup becomes explosive.
💎First area of resistance sits at 153, but that’s just the appetizer. The main zone we’re looking at is 173 to 181. That’s the bigger move that this structure is potentially building toward. But let’s be clear — if SOLUSDT closes a candle below 110.9, the entire setup gets invalidated. That level is your line in the sand.
This is the kind of setup we live for — clean structure, clear invalidation, and serious upside potential. But don’t rush it. The market will reward the ones who wait, not those who chase. Let others panic. Let others fomo. You focus on execution.
Trade smart, Paradisers — and always remember, only a few will catch the real move. Be one of them.
MyCryptoParadise
iFeel the success🌴
Is a great time for holding Solana?!Hello guys!
What I see:
Ascending Channel: Price has been moving inside a clearly defined upward-sloping channel since the start of 2023, showing a strong long-term uptrend.
33% Correction: Recently, SOL experienced a 33% correction from its local high, testing the previous breakout zone (highlighted in light blue). This area has now acted as a strong support.
Bullish Signal: Price is attempting to reclaim and close above a key horizontal resistance level (~$132), noted by the text: “If the price closes above this level, then buy it.” A close above this level would confirm a bullish reversal and suggest strength returning to the trend.
RSI Outlook: The RSI indicator at the bottom shows a potential reversal from the lower range, indicating possible bullish momentum building.
Projection: If the price successfully closes above the mentioned resistance zone, the structure supports a potential move toward a new high, as marked by the arrow pointing toward the upper channel boundary (above $250 and potentially up to $300+).
#SOL/USDT#SOL
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 134
Entry price 137
First target 140
Second target 144
Third target 149
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, this support at 138.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 142
First target: 144
Second target: 146
Third target: 148
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame and is expected to continue lower.
We have a trend to stabilize below the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a break above it.
We have a resistance area at the upper limit of the channel at 127.
Entry price: 126
First target: 124
Second target: 122
Third target: 119
SOLUSDT SOLUSDT Analysis 📊
🔹 Support Levels: 118, 112, and 107 USD
🔹 Resistance Levels: 130 and 150 USD
✅ The price has reacted positively after testing the 118-112 USD support zone, showing a short-term bullish move with increasing volume.
📉 If the price fails to break 130 USD, a pullback to 118 USD is possible.
📈 A breakout above 130 USD could pave the way for a move toward 150 USD.
🔍 Conclusion: The bullish trend remains unconfirmed until 130 USD is broken.
#SOLUSDT: Price to turn extreme bullish! Get ReadyHey there everyone! 👋
I’ve got some updates on the BINANCE:SOLUSDT price. It’s been testing a crucial level, and it’s showing some really strong bullish signs and patterns. But here’s the thing, we’re starting to think there might be a possible reversal coming up in the next few days. If we’re right, the price could hit all three targets we’ve been tracking.
Remember, though, that this is just our analysis, and it’s always a good idea to use accurate risk management when you’re trading.
Thanks for your support! 😊
If you want to help us out, here are a few things you can do:
- Like our ideas
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SOLUSDT heading towards resistance 180SOLUSDT has bounce from monthly support MS1. A weekly support marked as WS1 on the chart is also sitting just above it. Therefore, this zone 95-110 was a confluece of these support levels and a bounce was justified. Now the price is heading towards weekly resistance which is sitting around 165-180 zone. However, it is facing daily resistance DR1 and currently pushing there. With a bit of struggle, it shall pierce through this DR1 resisatnce to head towards weekly resistance. And exactly above that weekly resistance, monthly resistance MR1 is also sitting with zone 180-200. Therefore, this is a confluence of the resistances and will cause the upward movement of the price to stall there and cause some push back. Lets see how it reacts there but if in long some profit taking on that resistance confluence zone is definitely a rational behavior.
SOLUSDT - Trade LogSOLUSDT – Long Setup in Daily FVG
Entry: Buy at 124 USDT (floor of the daily Fair Value Gap)
Stop Loss: 105 USDT (just below the daily FVG low)
Take Profit: 200 USDT (new all‑time highs)
Rationale:
• Price is retracing into the daily FVG, offering a high‑probability support zone
• Daily RSI double divergence & trendline support reinforce the FVG floor
• Spot accumulation targeting euphoria phase—leveraging the FVG for entry
Risk Management: Risk ~5% of account. If SOL closes below 105 USDT (invalidating the FVG), exit and reassess. Keep an eye on BTC direction as the primary driver.
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 95.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 108.50
First target: 114.06
Second target: 119
Third target: 127