$SOL USD at Crucial Support – Prepare for Explosive Gains
$SOL USD is holding strong at $122, presenting an excellent chance for substantial gains. If this support holds, we could see a significant upward surge. However, if $122 breaks, the next key support is at $84, where a rebound is anticipated, especially with the impending bull run in Q4 2024.
Historically, bull runs bring high volatility and massive price increases. This bull run is expected to follow suit, potentially peaking around March or November 2025. It’s vital to be prepared to exit around this time, as the bull run is likely to conclude then.
Based on historical data, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip this resistance by February 2025, it could reach a maximum target of $9,464. During the last bull run in 2021, SOL skyrocketed from $0.21 to $260, delivering an astonishing 121,295% return between April 2020 and November 2021. The bear market began in 2022, consistent with historical price patterns during bull markets.
We expect similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak.
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