SOL price forecast: should we expect new highs🤔🤔🤔

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The daily timeframe gives a more bullish outlook. This is related to price action, wave calculation and RSI readings.

The chart below shows that the price of Solan closed above the $105 resistance zone and the RSI rose above 50. The wave calculation indicates that SOL is in the fifth and final wave of an uptrend. If it proves true, the altcoin will make a local high near the next long-term resistance at $145, which is 30% above current values.

However, a close below $105 would indicate that the price is still correcting. SOL could then fall 40% to the nearest support at $69. #Trading #cryptonews #news #solana #GoodLuck $SOL