SOLUSDT → Consolidation before the rally. New high?

Sep 8

SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger...



Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth...
SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum.

Resistance levels: 208.5, 212.25, 218.0
Support levels: 201.7, 197.4

Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245.

Best regards, R. Linda!

Sep 8

Trade active

Sep 9

Trade closed: target reached