Solana is starting to stand out with notable relative strength versus both Bitcoin and Ethereum, and it's catching my attention this week.
✅ Key Support Holding:
Price recently held firm at the $185–$190 support zone, bouncing with strength and attempting to establish a higher low. If this level holds, it would further confirm the uptrend in place since April.
📉 Corrective Phase Since September:
Despite the pullback, the larger trend structure remains bullish. A break above the September high is still needed to confirm trend continuation.
🔵 Multi-Month Saucer Formation:
A rounded base is developing on the daily chart—a classic saucer bottom. If confirmed, this pattern points to major upside potential, with a projected move possibly targeting $500 over time.
⚠️ Watch This Zone Closely:
The $250–$260 resistance area is the key overhead level to clear. A decisive breakout here could trigger a strong rally and confirm the saucer breakout.
📌 Summary:
Solana is showing resilience, building a bullish structure, and forming a significant base. If momentum builds above $260, bulls may take control in a big way.
✅ Key Support Holding:
Price recently held firm at the $185–$190 support zone, bouncing with strength and attempting to establish a higher low. If this level holds, it would further confirm the uptrend in place since April.
📉 Corrective Phase Since September:
Despite the pullback, the larger trend structure remains bullish. A break above the September high is still needed to confirm trend continuation.
🔵 Multi-Month Saucer Formation:
A rounded base is developing on the daily chart—a classic saucer bottom. If confirmed, this pattern points to major upside potential, with a projected move possibly targeting $500 over time.
⚠️ Watch This Zone Closely:
The $250–$260 resistance area is the key overhead level to clear. A decisive breakout here could trigger a strong rally and confirm the saucer breakout.
📌 Summary:
Solana is showing resilience, building a bullish structure, and forming a significant base. If momentum builds above $260, bulls may take control in a big way.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.