SOLUSDT when testing the bottom forms a reversal pattern and heads to the channel resistance, where it begins to consolidate for a possible trend change.
After a long consolidation and numerous retests of the resistance line, which has been formed since May 2022, the price finally breaks through this zone and forms a strong momentum. The push was followed by the rise of bitcoin, which strengthened to 30000. SOLUSDT finds potential for growth towards 50,000
Strong support: 20.00, 16.00 Strong resistance: 23.9, 26.05 I expect the growth will now start to realize the accumulated potential. Growth can be directed towards 32.00, then to 40.00.
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.