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MikeXman

Solana Possible breakout

Long
Solana / Tether (KUCOIN:SOLUSDT)  
MikeXman Updated   
KUCOIN:SOLUSDT   Solana / Tether
Chart Patterns Trend Analysis Technical Indicators Bitcoin (Cryptocurrency) solana Technical Analysis BTCUSD ETH Ethereum (Cryptocurrency) Cryptocurrency crypto
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SOLUSDT

Looking for Solana to break out of this consolidation pattern and follow suit with bitcoin. Seems like it is a bit delayed in the breakout and if the bitcoin long play continues, I have a price target of around 23 for Solana. Looking for a couple of bullish weeks for a healthy retest of the MAs before probably going lower once again.
Comment:
Daily seems to have broken out
Comment:
Should head back up if SPX holds, still think market tests higher levels of the range for a few weeks before we set new lows. Could also see the scenario of lows being in but trading sideways for a few months. Right now I get the sense it will be another Solana summer
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