SOLUSDSOLUSDT is showing strong bullish momentum after breaking out of a consolidation channel. The price is forming higher highs and lows, confirming a robust uptrend. It remains above the bullishly aligned EMA Ribbon, which acts as dynamic support. The TSI is above zero, with a confirmed bullish divergence, signaling potential for explosive upward movement.
Using historical Fibonacci extensions, the next target is 428.42 at the 1.618 level, representing an 80% upside from current levels. This aligns with previous bullish rallies, as highlighted by purple candles. The Signal Builder has also issued bullish signals, supporting the continuation of the current trend. As long as the price stays above the EMA Ribbon and maintains higher highs, SOL/USD is set for further gains. tradingview.com/x/g26MAygu/