namus777
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$SOL #WHY #SOL IS PUMPING??? IS THE RISE OVER??? #namus777
SOL Price Prediction
Looking at the hourly chart, we can see some signs of resistance, as the price has been moving sideways since yesterday’s high. But the support is ascending, indicating buying pressure and a possible breakout above.
In the short term, the price of SOL can continue for another high to the $146 area – where lies its next resistance – and the previous daily chart shows this trend. But as this is likely the completion of this uptrend, we will see a correction for its larger wave 4.
Considering the number of broken resistances, it is still unclear where this correction might push back the price, but the most significant one was around $80, which would be our first target. If this scenario plays out, and the price goes back to $80, establishing support, another uptrend should start for its larger wave 5 that could lead the price to a new ATH at the start of 2024.
Disclaimers
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
SOL Price Prediction
Looking at the hourly chart, we can see some signs of resistance, as the price has been moving sideways since yesterday’s high. But the support is ascending, indicating buying pressure and a possible breakout above.
In the short term, the price of SOL can continue for another high to the $146 area – where lies its next resistance – and the previous daily chart shows this trend. But as this is likely the completion of this uptrend, we will see a correction for its larger wave 4.
Considering the number of broken resistances, it is still unclear where this correction might push back the price, but the most significant one was around $80, which would be our first target. If this scenario plays out, and the price goes back to $80, establishing support, another uptrend should start for its larger wave 5 that could lead the price to a new ATH at the start of 2024.
Disclaimers
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
