$SOL Analysis + Signal 🚨 🚀
1. SOL saw some solid performance this week as it broke out of that wedge. SOL broke the
highs at $158 and made a solid move into the $170 area. I believe SOL will continue to
set itself up for a greater recovery into the range and will step back closer to $200 later in
the summer.
2. For a long position, look for a breakout of $175, this would confirm a continuation of the
recent uptrend and price will move towards $179 and $184.
In the long run, this retracement is a solid pullback to confirm a continuation for SOL to
move up towards its ATH of $260. We may set a consolidation range before that
breakout.
3. For a short this week, look for price to return under $158. This could invalidate the recent
breakout, and the breakdown of $158 could reach these levels at $152 and $145.
4. Ultimately, I believe SOL is on the right track to recovery, with on chain data looking
positive again. We will see how this ends up playing out this quarter. The first breakouts
will be important to lead price in the right direction.
#SolanaStrong #solanAnalysis #altcoins #ETHETFS #btc70k
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