Solana Can Hit $88 Easily, If This Happens...We are now witnessing a bearish impulse; this happens when bearish momentum starts to grow. We know this to be true because of a volume breakout (biggest volume bar since April) and a long-term lower high (July {lower} vs March).
These signals reveal a bearish bias and the current action reveals the creation of a new major low.
👉 Solana is set to hit $110 within days, as the next lower low and an easy target of $88 in the coming weeks. $88 is the price at which SOLUSDT traded around January 2024, our baseline.
Lower or growth after the baseline is hit?
We will have the answer to this question soon but for now, we have to wait and see.
➖ If things get really bad, we can see prices move to $77, $70, $65 or $55.
➖ If everything goes well, a reversal can happen in the $80-90 price range.
We are open to all scenarios and let the market take care of the rest.
Prices are going down now, do whatever you need to do in order to protect your capital or even profit while the Cryptocurrency market correction reaches its end.
I hope you find this information useful.
Thank you for reading.
Namaste.
