Hi,
I've been following Solana for weeks now and it seems ready to pop. I bought the last dip around $200 and now I'm waiting for $300. Will it stop there? Not sure. If ETFs are approved, if companies keep piling in, and with the latest release giving lightning-fast confirmation, we’ve got the perfect setup for a big run.
Right now, Solana is number 6, but I’m sure it’s aiming for number 3. Of course, that means a big increase in market cap, but with two more rate cuts on the way, there’s reason to stay optimistic.
From a technical perspective, everything looks good on the daily and weekly. The momentum is strong and consistent, and it’s moving inside the parallel channel as expected. Could it break above $300 before the end of the year? The Fib 1.618 points to around $420, which would be a great Christmas present.
For now, I’m aiming for $275, which matches the upper side of the channel, and I’ll be looking for a rebound on the EMA50 or the lower side of the daily channel. Exciting times for Solana. Now it’s just about waiting, which is always the hardest part of trading. Stay sharp, traders!
I've been following Solana for weeks now and it seems ready to pop. I bought the last dip around $200 and now I'm waiting for $300. Will it stop there? Not sure. If ETFs are approved, if companies keep piling in, and with the latest release giving lightning-fast confirmation, we’ve got the perfect setup for a big run.
Right now, Solana is number 6, but I’m sure it’s aiming for number 3. Of course, that means a big increase in market cap, but with two more rate cuts on the way, there’s reason to stay optimistic.
From a technical perspective, everything looks good on the daily and weekly. The momentum is strong and consistent, and it’s moving inside the parallel channel as expected. Could it break above $300 before the end of the year? The Fib 1.618 points to around $420, which would be a great Christmas present.
For now, I’m aiming for $275, which matches the upper side of the channel, and I’ll be looking for a rebound on the EMA50 or the lower side of the daily channel. Exciting times for Solana. Now it’s just about waiting, which is always the hardest part of trading. Stay sharp, traders!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.