Analysis #SOL 📈

The most in-demand currency so far, so we will start with it.

On a weekly time frame, and this time frame is important for investors. The currency broke the main resistance area between $110-140$ and has now turned into a strong support area for the currency, which is currently considered the best area to enter.

The currency has penetrated the bullish flag pattern, which gives upward momentum, and the currency is now moving to test the resistance trend line, which is also considered a good area to enter.

The breach of the bullish flag pattern in addition to a successful retest supported by the EMA 50 indicator gives more bullish momentum and movement towards achieving a new peak and the near target expected over the coming months at $328.60.

However, there is local resistance on the four-hour time frame at the level of $180-190$ , which is considered a good area to book a profit and a nearby target can be set at $188.5.

🟢 Summary of analysis 🟢

✅ The best areas to enter between $110-$140.

🎯 Goals $188.50, $202.5, $248.6$ ,280$ ,328.6$

🚫 Completely negative, closing below $110