Analysis $SOL 12/23/2024
#SOL, we had a great bullish continuation here, see that in 1 month we jumped +53% without any difficulty and reached the ATH of the 2021 bull market, which is really incredible this performance.
See that from my last analysis until now, everything went as expected.
Many people keep asking me about Solana, and it wasn't a chart that I would naturally post since it is at ATH and there is not much chance for new moves here, but of course... there are those who want to speculate a new 5x high from here, and that's fine. However, ALMOST the same thing that happens in#BTC, happens HERE...
We are very close to entering a price discovery here, and when we do that by breaking this red band on the chart and forming a support there, then we won't know how far it will go until it does that, so let's not waste energy trying to see something that we won't be able to until it happens. Of course, we have some thoughts on it, better than we have on Bitcoin, but still... I'll wait for it to reach that stage so we can have more clarity and post something more solid.
It will certainly break that red band on the chart and continue to rise.
See that I added a blue band on the chart, this is the price region where I expect to have some support if we lose strength across the market and have a pullback, in that region it would be an opportunity for some buying, but I'll leave a warning again:
...I don't think this is a good SPOT BUY, since we've gone up an incredible amount and are very close to its strongest resistance, and even when we pass it we won't know how much more it can give us in profit. You won't get rich with this EM 2025.
If you still want to practice boldness here, then wait for support in the red band and a clear buy setup, and do it.
I LOVE SOLANA!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
