Solusdtlong
Solana (SOL) Price Prediction 2022Solana (SOL) holds the 9th position on CoinGecko right now. SOL price prediction 2022 is explained below with a daily time frame.
The above chart of Solana (SOL) laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Solana (SOL) is at $42.18. If the pattern continues, the price of SOL might reach the resistance level of $57.06. If the trend reverses, then the price of SOL may fall to $35.70
Solana (SOL) Support and Resistance Levels
The chart below shows the support and resistance levels of Solana (SOL).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL).
Resistance Level 1 – $46.80
Resistance Level 2 – $66.92
Resistance Level 3 – $108.62
Resistance Level 4 – $144.42
Resistance Level 5 – $208.50
Support Level – $28.56
The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $208.50.
Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $28.56, a bearish signal.
Happy Trading !!
SOLUSD is trading rising wedge. long or short ?SOLUSDT is moving rising wedge pattern.
On the chart, I marked the strong support zone 20.00. it is worth paying attention. we can see that the price is forming a squeeze to this zone.
The short-term target on the chart is the nearest support line 35.2 ~ 37.5 and the liquidity zone 48.50, the medium-term target is 54.07, the long term target is 77.30
Symmetrical triangle breaking soon🔥Hello Traders,
Just found a Symmetrical triangle about breaking soon,
Enjoy trading it according to the path,
Bull target (after breaking upside and a confirmation) : 37.3$
Luckily this targets aligns perfectly with a resistance !!
Bear target ( after breaking downside and confirming) : 29-28.5$
This target is placed at a strong support that made SOL bounce about 50% couple of days ago !!
Thumb up for more.
Tell me, What do you think about SOL ?
#SOL Analysis : #SOL broke the downtrend resistance line and #SOL Analysis :
#SOL broke the downtrend resistance line and hits the major resistance level of $40.70 - $48.44. The zone is pretty huge and currently price reacted of the major resistance and price may continue to dump. so no buys right now, better wait for the opportunities.
SOL buy zoneSOL forming a nice ascending wedge. The SOL/BTC pairing is looking healthy also.
Looking to take longs on the lower support for max risk/reward. Or if we do get the breakout with decent volume (i think unlikely given bitcoin right now), then we could long the retest of the resistance as support.