Solana Analysis Summary 📊
1-Hour Time Frame ⏰
The short-term trend for #Solana is bullish 📈 as it remains above its weekly and monthly support levels. As long as Solana stays within the bullish channel in the 1-hour time frame, this bullish-trend can continue with strength 💪.
There are two key support levels for forming a bottom in this bull-trend:
First Support: The midline of the 1-hour channel and static support at 149.94 (which it has currently touched) 📍.
Second Support: The bottom of the 1-hour channel and static support at 145.87 📉.
If the 1-hour channel bottom is lost, Solana’s trend will remain bullish, but we could see a temporary drop to the support zone of 139.04 - 141.40, where it might form a bottom and resume its growth 🚀.
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Growth Targets:
🎯 Target 1: 155.73 - 156.79
🎯 Target 2: 160.85 - 162.30
🎯 Target 3: 166.83 - 168.84
I don’t expect any further growth beyond Target 3 at the moment.
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Stop-Loss for Solana’s Growth Scenario and entry into a new bearish phase:
A break of 139.04 support on the daily time frame 🛑. In that case, the analysis will be updated.
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Share your thoughts about #Solana with me and others in the comments below 💬.
1-Hour Time Frame ⏰
The short-term trend for #Solana is bullish 📈 as it remains above its weekly and monthly support levels. As long as Solana stays within the bullish channel in the 1-hour time frame, this bullish-trend can continue with strength 💪.
There are two key support levels for forming a bottom in this bull-trend:
First Support: The midline of the 1-hour channel and static support at 149.94 (which it has currently touched) 📍.
Second Support: The bottom of the 1-hour channel and static support at 145.87 📉.
If the 1-hour channel bottom is lost, Solana’s trend will remain bullish, but we could see a temporary drop to the support zone of 139.04 - 141.40, where it might form a bottom and resume its growth 🚀.
........................
Growth Targets:
🎯 Target 1: 155.73 - 156.79
🎯 Target 2: 160.85 - 162.30
🎯 Target 3: 166.83 - 168.84
I don’t expect any further growth beyond Target 3 at the moment.
........................
Stop-Loss for Solana’s Growth Scenario and entry into a new bearish phase:
A break of 139.04 support on the daily time frame 🛑. In that case, the analysis will be updated.
........................
Share your thoughts about #Solana with me and others in the comments below 💬.
Trade closed: target reached
Hey, how’s it going? 👋Last week’s #Solana analysis played out exactly as we expected! 📊
I mentioned the bull-trend and introduced two support levels where Solana would form a bottom.
It exactly formed a bottom on the second support and even hit Target 2 🎯.
I hope you grabbed this easy profit! 💰🚀
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.
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.