Solana already has significant fundamental reasons to be bullish. It’s been around, it’s got a place in the market long term.
I’ve seen charts hinting at drop to $150 or $180 due to the current wedge formation that it’s in. which wouldn’t surprise me but IMO would require Bitcoin to crash or some other catalyst.
As you can see after Solana’s last major pump the price action went into a descending wedge created a local floor and broke up. Each time it broke up a descending wedge was created with slopes closer to 0 causing the graph to range in this last portion of the major wedge.
Depending on how you see it this series of wedges could be indicating with increasing bullish momentum. With the current decreasing wedge ranging almost totally sideways we could see the next breakout go almost vertical with some nice gains for those that are ready. ETH will probably lead and SOL will follow. A breakout IMO is possible up to between $240 and $290 in the next week or so.
Totally speculation and I think we all believe it will go up eventually but the idea is fun. Been trading stocks crypto and forex for two years. Let me know if I’ve learned anything or if I’m just fooling myself. DYOR. Best of luck to everyone.
I’ve seen charts hinting at drop to $150 or $180 due to the current wedge formation that it’s in. which wouldn’t surprise me but IMO would require Bitcoin to crash or some other catalyst.
As you can see after Solana’s last major pump the price action went into a descending wedge created a local floor and broke up. Each time it broke up a descending wedge was created with slopes closer to 0 causing the graph to range in this last portion of the major wedge.
Depending on how you see it this series of wedges could be indicating with increasing bullish momentum. With the current decreasing wedge ranging almost totally sideways we could see the next breakout go almost vertical with some nice gains for those that are ready. ETH will probably lead and SOL will follow. A breakout IMO is possible up to between $240 and $290 in the next week or so.
Totally speculation and I think we all believe it will go up eventually but the idea is fun. Been trading stocks crypto and forex for two years. Let me know if I’ve learned anything or if I’m just fooling myself. DYOR. Best of luck to everyone.