After breaking out of the pattern on November 6, 2024, Solana surged by nearly 46% from the breakout zone. The top was reached at 264.50 on November 22, 2024, followed by a slow correction.
It appears that the entire crypto market experienced a profit-taking moment, anticipating Trump's inauguration as President on January 20, 2024.
The chances are that we may see another bullish wave after the price tests a strong support zone between 176.50 and 182.50.
We may see Solana rising again in the coming weeks, with targets at 210, 230, and 253-254.
You may find more details in the chart!
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.