Solana (SOLUSDT) grew for 322 days; From a low hit late December 2022 until recently (16-November). Total growth amounts to 752.5%.
I wouldn't be surprise to see a "small" and "healthy" correction develop here... Corrections have been ongoing through the entire move up.
Now, don't get me wrong.
Things can always change; Solana can move straight up.
But we look at bullish potential when things are down;
We consider bearish potential when everything is up.
The latest bullish wave, from 11-Sept through 16-Nov lasted 66 days.
The previous two waves this year lasted 36 and 56 days, this is the longest one so far.
After each of the previous waves we had a correction ending in a higher low followed by additional growth; normal market action.
We can expect something similar...
There is potential to go higher but I say it is healthy to see some sideways or a little down before more up.
It is good to see support levels being tested, this way we have a strong base for long-term growth.
Thank you for reading.
