$SOL

Happy New Year, crypto and trading Triends!

I hope you celebrated well! Now itā€™s time to get serious. I see a short-term opportunity in SOL, with up to 5% upside potential. Hereā€™s why:

  • Trading below all major moving averages: 50, 100, and 200-day.


  • Positioned near the lower Bollinger Bands line, suggesting potential oversold conditions.


  • Close to the bottom trendline, which could act as a critical support level.



SOL remains a fundamentally strong asset, and weā€™ve observed significant interest from major players, including ETF developments, which could inject fresh money and liquidity into the market.

That said, caution is key. This is a short-term play with a 5% upside potential in the coming week. If SOL doesnā€™t show upward movement within a day or two, this narrative could quickly lose its relevance, and the situation would need to be reassessed.