I will consider Solana around 80$Blue Line - All time high ( 260 )
Green Line - Interest zone ( 116, 90, 80 )
As you can see triangle pattern spotted in a daily timeframe, and successfully break the upper resistance channel with wickless Bull candle in a weekly timeframe. It is a huge confirmation to hit All-Time high in near future. If BINANCE:SOLUSDT able to close candle above 260 in either a weekly or monthly timeframe I would consider short trade until 90-116 range. 80-95 range is crucial support zone to hold in a monthly timeframe, which means BINANCE:SOLUSDT must close a candle above 80 in a monthly timeframe. But remember we can reach 50-70 range in a weekly timeframe.
Solusdtlongterm
Time for consolidation? So as we know Solana made higher and went straight to 68 without even consolidating in last month and hit our first and second Take Profit target. There could be H&S pattern might be forming in 4H TF which means we could see 40-39 area or even go down to 33 area. But remember there is a huge support zone at 48-45 area. I wouldn't go into short position. Once Bitcoin Dominance goes down every alts will move like its bull-run.
is Solana gonna dip more?There are few signs telling me to go down to 4.
1. Can't make higher high
2. Triangle pattern after Downtrend.
3. Cannot break 31 area in 1W TF.
4. Could be Bullish Flag pattern.
5. Solana reached 8 before and just doing pullback now.
But remember Sol can just do fake break out from triangle pattern and go down.