SOL/USD Technical Review
Support around $178 (20-day EMA) is holding the price, indicating high buying interest.
The key resistance level is $185–$189. A breakout of this range will open the way to targets of $200–206, possibly even $220 if the momentum continues.
Pattern formation: an upward reversal from the $160 zone (lower Bollinger band + Fibonacci) is recorded, which completes the ABC correction and launches a new wave impulse. Upside potential is towards $180.
Trend and on-chain indicators: a decrease in the balance on exchanges, an increase in TVL and growing institutional interest (ETF) create a solid base for moving higher.
Support around $178 (20-day EMA) is holding the price, indicating high buying interest.
The key resistance level is $185–$189. A breakout of this range will open the way to targets of $200–206, possibly even $220 if the momentum continues.
Pattern formation: an upward reversal from the $160 zone (lower Bollinger band + Fibonacci) is recorded, which completes the ABC correction and launches a new wave impulse. Upside potential is towards $180.
Trend and on-chain indicators: a decrease in the balance on exchanges, an increase in TVL and growing institutional interest (ETF) create a solid base for moving higher.
Trade closed: stop reached
Take Profit 1 reachedNote
TP 2
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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.
Related publications
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.