This is a possible scenario idea I have in mind for SOLUSD that I want to share with everyone.
Keep in mind that this is not an advice to buy, it should be your decision to buy this specific asset.
There are 4 reasons I am thinking that we are (still) on our way to a new ATH for Solana and why I am extremely bullish on this specific crypto asset:
1. The orange man is pushing the FED for rate cuts for weeks: there already are some numbers (f.e. low inflation) out there that this might happen THIS week!
2. There is enough volume on 150$ & 170$ levels. We will are still on our way up!
3. The common crypto cycle is still happening: BTCUSD have bounced perfectly from the 112$k level and continued to move up, whales and other big guys are still buying BTCUSD at this time which is very bullish (another ATH is inevitable!) -> if the cycle repeats itself, BTCUSD will probably crash afterwards just like previous cycles -> this will be followed by a new ATH for ETHUSD -> after that, SOLUSD will be the next one to set a new ATH afterwards, just like back in Q4 2024 & Q1 2025. The higher ETHUSD will go the better it will be for alt coins like our baby Solana.
4. Solana is not even close to its former ATH: stepping in right now, will make larger profits later.
5. Last but not least: ETF approvals are still on the way!
The ATH I have in mind that will be set for Solana will be between 400$-600$ or with some luck, even higher.
Some people might not be happy in the way SOLUSD is performing right now, but I only learned one thing: that patience makes money when it comes to crypto. For everyone that is thinking about stepping in, I think there is still time to make profit from here on (but then again, of course at own risk, at all times!).
Another thing I want to add to this idea is to watch out for the first retracement/resistant level: this might be around 225$-234$ as shown in this Graph. Because there was more selling volume in Q1 2025 at that level.
Hope you liked my idea & graph about SOLUSD. Good day and happy trading everyone!
Keep in mind that this is not an advice to buy, it should be your decision to buy this specific asset.
There are 4 reasons I am thinking that we are (still) on our way to a new ATH for Solana and why I am extremely bullish on this specific crypto asset:
1. The orange man is pushing the FED for rate cuts for weeks: there already are some numbers (f.e. low inflation) out there that this might happen THIS week!
2. There is enough volume on 150$ & 170$ levels. We will are still on our way up!
3. The common crypto cycle is still happening: BTCUSD have bounced perfectly from the 112$k level and continued to move up, whales and other big guys are still buying BTCUSD at this time which is very bullish (another ATH is inevitable!) -> if the cycle repeats itself, BTCUSD will probably crash afterwards just like previous cycles -> this will be followed by a new ATH for ETHUSD -> after that, SOLUSD will be the next one to set a new ATH afterwards, just like back in Q4 2024 & Q1 2025. The higher ETHUSD will go the better it will be for alt coins like our baby Solana.
4. Solana is not even close to its former ATH: stepping in right now, will make larger profits later.
5. Last but not least: ETF approvals are still on the way!
The ATH I have in mind that will be set for Solana will be between 400$-600$ or with some luck, even higher.
Some people might not be happy in the way SOLUSD is performing right now, but I only learned one thing: that patience makes money when it comes to crypto. For everyone that is thinking about stepping in, I think there is still time to make profit from here on (but then again, of course at own risk, at all times!).
Another thing I want to add to this idea is to watch out for the first retracement/resistant level: this might be around 225$-234$ as shown in this Graph. Because there was more selling volume in Q1 2025 at that level.
Hope you liked my idea & graph about SOLUSD. Good day and happy trading everyone!
Trade active
Correction: rate cuts would possible be in September. UK has done it today. In the meanwhile, we broke 170$. Let's proceed the way up :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.