AlpacaCrypto

Solana 3-Month Price Range

Long
BINANCE:SOLUSDT   SOL / TetherUS
Solana, like many altcoins currently, is forming a giant cone or megaphone, with ascending support lining up with the previous ATH in early to mid January. Currently touching the support line, we are ideally looking for SOL to bounce from here and again meet horizontal resistance at around $170, before attempting to work it's way back up toward ascending resistance at the top of the cone near the ATH of around $216. First rejection of the ATH could very well bring price back to around $170, reclaiming previous resistance as support at the bottom of that channel, coinciding with the ascending support line. This is obviously extreme speculation, but if it were to play out as such, this would provide a very clean take profit area for traders followed buy another clean buying area in what would most likely be the last strong buying opportunity before Solana again challenging the ATH and eventually breaking out sometime end of year / early January.

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