Solana has probably been the best performing of the last couple of years - It was even generous enough to give everyone who missed it the first the same chance at massive profits again - However the markets love affair with Sol has dwindled, once the 4th biggest coin by market cap is now down to 6th, it seemed like the Xrp rally somehow wounded Sol and not only has Sol lost support against Btc but also Eth...and Eth is still weak - Judging from the previous cycle we should see some sharp drops when next months candle opens beneath ascending support - On the macro side i'm looking to see Sol at $40-$50 usd sometime spring to summer of 2026...
Trade active
I was surprised to see Sol manage to open this months candle above the 1x2 fib ray - There is a lot of resistance just above the price in the arc and the fib, but the 1x2 is a parabolic channel so if the price can hold ascending support there its worth watching - I do feel it might slip thru support yet though Note
Sol/Usdt and Sol/Btc - Sol/Btc pair is starting to look close to a bigger drop - Also against the dollar something dramatic needs to happen or support will break - The way prices are moving this may not happen until next month - Should support fail next month Sol could go to $130- $140, if it fails this month perhaps only as low as $160 Note
At this stage of the market this sort of stuff really isnt hard to predict Trade closed: target reached
Sol/Usdt hit the 61.80% fib today just under $170 price labelled - the price could possibly push thru further this month but i think its likely to dither around here first Note
Sol price recovered strongly today but met resistance at the 4th arc 
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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.