SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?
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Hey Realistic Traders, let's dive into the technical analysis of 
SOLUSDT
From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."
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SOLUSDT From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Zlecenie aktywne
Solana: Moving Upward Again after breaking symmetrical triangle on H4 TimeframeUwaga
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Hit the first target at $182, Will it go to the next one?Uwaga
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Sorry guys, right now I am focusing on the leap competition :D
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