$SOL Price Analysis and Future Projections Based on Gann's Method
Based on Gann's principles and key price levels, we've calculated several potential price targets and dates that may guide Solana’s future movements. These targets have been derived using the Square of Nine and Time Cycles.
Key Dates & Price Levels:
- Dec 23, 2020 (Low): $1.03
- Nov 6, 2021 (High): $259.9
- Dec 29, 2022 (Low): $8.00
- Mar 18, 2024 (High): $210.18
- Current Price: $221–218
Gann’s Time Cycles:
- 144-day cycle from Dec 29, 2022, points to April 21, 2023, as a potential turning point in price movement.
- The 360-day cycle from Dec 23, 2020, suggests Dec 18, 2024, may bring significant shifts in price direction.
Square of Nine Price Projections:
1. Scenario 1: $518.77 — This target is based on the price range from $1.03 to $259.9.
2. Scenario 2: $775.00 — A more aggressive target if the uptrend continues.
3. Scenario 3: $266.87 — This level is seen as a potential resistance point after the $8.00 low.
Key Future Dates to Watch:
- Dec 18, 2024: An important date predicted by the 360-day cycle.
- March 18, 2025: A potential turning point, marked by another cycle prediction.
Conclusion:
Using Gann’s principles, three possible scenarios emerge:
- Scenario 1: Solana may aim for $518.77 as the first target after breaking higher.
- Scenario 2: If the trend remains strong, $775.00 could be reached.
- Scenario 3: If there’s a correction, $266.87 might act as resistance or a turning point.
Monitor key dates, especially Dec 18, 2024, to assess the next potential price movements and direction.
