Hi All,
Sol has finally broken free from it's shackles in the $130, breaking out into the late $140's before coming back to retest.
As you can see there's a hidden divergence with the confluence of an inverse H&S.
I expect the next area of resistance to be in the $160's.
If you zoom out into the weekly you can see Sol's just broken out from a multi-month...
Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
After FOMC meeting, crypto bull market is confirmed.
CPI data will release in Feb 14, forecasting 6 - 6.25%.
And the main game changer of solana is its mobile phone SAGA, will come in first quarter of 2023.
This can be mass adoption for solana.
So we are expect to see solana can easily can go to 32- 36 usd level at least or it can go higher 50 usd level.
Best...
SOL testing the inflection zone here again. Looks like its shaping up a nice ABC move up with consecutive higher lows. 42 and 47 would be the first targets here i would think if we break this level, and 53 being an extension of the first wave up from the lows.
Rising volume, OBV is bullish, ADX is bullish, and volatility is expanding on this time frame. The RSI...
