SOL/USDT 1DAY CHART UPDATE !! SOL/USDT price movement on the daily time frame. Here is an analysis based on the visual representation:
A symmetrical triangle pattern formed over a long period (August to November).
The price broke out of this triangle with strong bullish momentum, indicating a continuation of the uptrend.
After the breakout, the price entered a parallel descending channel, indicating a consolidation or correction phase.
The channel has well-defined support and resistance lines, with the price oscillating within boundaries.
The chart suggests a breakout from the descending channel on the upside.
A measured move from the channel width is anticipated to target the $300+ region, indicating a potential rally of around 50% from the breakout level.
Current Support: Around $200 (near the breakout level of the descending channel).
Immediate Resistance: Near $230 (previous high level and upper channel boundary).
Long-term resistance: $300+ (price projection from measured moves).
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Solcrypto
SOL High Selling Pressure ...Wait For PullBack For ShortSOL High Selling Pressure ...Wait For PullBack For Short..
When should we go long on Sol? It is likely to experience a pullback in Sol when BTC reaches 3355. Once BTC starts to drop from 3355, Sol will move upwards. This will be a chance to open a short position, and for those who have long positions, it will be time to close them.
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#SOL Very Critical Zone..100$ May Be Come.#SOL Very Critical Zone..100$ May Be Come.
We have entered the danger zone for SOL. As I mentioned in the last analysis, SOL could reach 200 before experiencing a potential crash. So, we should wait to see if this zone is successfully held. If it fails to hold, SOL could even go down to 100.
The last analysis is also attached. We have shared analyses for #ARKM, #ARB, #BTC, #PEPE, and #BONKE. For all updates, feel free to DM us.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) returned to the green during today’s session, snapping a two-day losing streak in the process.
After falling to a bottom of 22.52 on Thursday, SOL/USD climbed to a high of 23.13 earlier in today’s session.
Despite today’s rebound in price, Solana is still trading almost 7% lower than at the same point last week.
The rally began after the RSI bounced from a support level at the 45.00 mark, rising to a current reading of 49.04.
Bulls are likely targeting a move back above the 25.00 level, however, they will first need to move beyond an upcoming wall of 50.00 on the indicator.
I have tried to bring the best possible outcome to this chart.
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SOL DAILY CHARTWe see in SOL a clear continuation pattern with a bullish pennant. We expect the price to leave a daily candlestick with a close near the high and with enough body. In 4H TF we can expect the price to break the top of the triangle and a support in this part, where we would execute our order. Our target is 40% with a risk of 20% of our position approximately.
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Vemos en SOL un claro patrón de continuación con banderín alcista. Esperamos que el precio nos deje una vela diaria con un cierre cerca del máximo y con bastante cuerpo. En 4H TF podemos esperar que el precio rompa la parte alta del triángulo y un apoyo en esta parte, donde ejecutaríamos nuestra orden. Nuestro target es de un 40 % con un riesgo del 20% de nuestra posición aproximadamente.