The chart shows a simple zigzag pattern
Solana is currently in wave C.
The minimum target for the coming year is $540, as wave C of the zigzag should at least reach the 0.618 fib level.
Typically, a normal wave C can range from anywhere between the 0.618 to 1.618
Given Solana’s overall bullish structure, I believe the current price represents a strong buying opportunity and a loading zone.
Solana is currently in wave C.
The minimum target for the coming year is $540, as wave C of the zigzag should at least reach the 0.618 fib level.
Typically, a normal wave C can range from anywhere between the 0.618 to 1.618
Given Solana’s overall bullish structure, I believe the current price represents a strong buying opportunity and a loading zone.
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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.