✴️ Solana Headed Toward $33.3?Within just a few days, Solana will no longer trade near the $100 price range.
Good evening my fellow Cryptocurrency trader, let's look into Solana today.
It's been 23 days since Solana peaked and ended a massive 1,477% bullish wave, wow... But after strong growth comes a strong correction, no doubt about it!
Going back to the beginning, the $100 price tag is a nice one, a great one but one that will have to wait until late 2024, future days.
This was just a preview, a taste of the next bull-market; Looks pretty nice, it was great but it should be even better after this standard correction takes place.
End target?
No, I would say close to $33 looks solid and strong.
➖ This price tag matches the 0.786 Fib. retracement level for the entire wave from December 2022 through December 2023.
➖ This price tag also matches the peak price hit by SOLUSDT in July 2023.
But normally, these levels are pierced, for a few days or in the least on a wick.
Before we go that far down we have to make a few stops. The 80s and 70s will go easy, but not the 50s, we should see a small bounce around 52, 53, 55... Around 50. Then another drop towards 44 and the final bearish impulse to complete the correction that will lead to a new accumulation phase before the market turns.
So drop, crash, pierce, push down then stop.
Accumulation followed by a bullish breakout and finally long-term growth.
2023 was the recovery year, the preview, deleting the bad vibes of the bear market but not the true moment for Cryptocurrency to shine.
Cryptocurrency will shine after Q2 2024 and the first half of 2025 .
This is good news... We have plenty of time to prepare for what is up ahead for us.
We have the opportunity to achieve financial freedom, if we take the time now to study, plan and prepare... Invest time in yourself; Opportunities are endless but they cycle in and out, if you miss one you will have to wait for the next one.
Namaste.
