Today, I analyze the Solana(
SOLUSDT) project and explore its roadmap for the coming days and weeks, so stay tuned!
Solana, with the help of the Rising Wedge Pattern, has successfully broken through its important support lines and is currently moving near the Support zone($118-$98).
From an Elliott Wave perspective, it seems that Solana has completed its five main waves and is now in a corrective phase.
Given the current cryptocurrency market conditions, I expect Solana to break through the Support zone($118-$98) and at least reach the target of the rising wedge pattern, potentially dropping down to $80.
Additionally, it’s worth noting that the SOLBTC(
SOLBTC) pair is also showing a bearish trend, which means that if the broader crypto market declines, Solana could face even greater losses.
First Target: $107
Second Target: $83
Stop Los(SL): $174
Cumulative Long Liquidation Leverage: $122-$119
Cumulative Short Liquidation Leverage: $150-$145
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Solana Analyze (SOLUSDT), Daily time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
SOLUSDT) project and explore its roadmap for the coming days and weeks, so stay tuned!Solana, with the help of the Rising Wedge Pattern, has successfully broken through its important support lines and is currently moving near the Support zone($118-$98).
From an Elliott Wave perspective, it seems that Solana has completed its five main waves and is now in a corrective phase.
Given the current cryptocurrency market conditions, I expect Solana to break through the Support zone($118-$98) and at least reach the target of the rising wedge pattern, potentially dropping down to $80.
Additionally, it’s worth noting that the SOLBTC(
SOLBTC) pair is also showing a bearish trend, which means that if the broader crypto market declines, Solana could face even greater losses.First Target: $107
Second Target: $83
Stop Los(SL): $174
Cumulative Long Liquidation Leverage: $122-$119
Cumulative Short Liquidation Leverage: $150-$145
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Solana Analyze (SOLUSDT), Daily time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
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.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
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.