In the crypto market, we once again witnessed the importance of accurate analysis. Our previous Solana (SOL) analysis predicted a target price of $175.835, and it has now been reached. Here’s a detailed look at the journey and how it unfolded. You can read previous analysis in this Solana Analysis
Previous Analysis:
A few weeks ago, we analyzed Solana’s price movements and identified some critical levels:
Buying Zone: The $120 to $130 range emerged as a strong buying zone. This level provided support for Solana’s price, forming a foundation for the upward trend.
Resistance Level: The next significant resistance level was identified at $175.835, where we anticipated the price would face selling pressure.
Price Action: We highlighted Solana’s bullish pattern, with a series of higher lows and higher highs indicating a strong upward trend.
Achieved Price Movement:
Today, Solana’s price chart shows that the predicted target price of $175.835 has been reached. This confirms the power of technical analysis and the importance of correct strategies.
