SOL/USDT | Solana Surges 43% – Is a 25% Bullish MoveStill Ahead?

Aug 24

By analyzing the Solana (SOL) chart on the daily timeframe, we can see that the price held strongly above $171 as expected in our previous analysis and has already hit two major targets at $195 and $206, even spiking up to $212 — securing an impressive 43% rally so far! 🚀

After reaching this critical resistance zone, we’ve seen a wave of selling pressure, and SOL is currently consolidating around $204. As long as the price remains above $193 and doesn’t break below it, the bullish momentum is likely to continue, with renewed demand driving the next leg up.

The upcoming bullish targets are positioned at $220, $245, and $260, offering a potential short-term upside of over 25%.

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Best Regards , Arman Shaban

Aug 28

Trade active

By analyzing the Solana (SOL) chart on the daily timeframe, we can see that, as expected, the price initially made a corrective move down to around $186 and then, with renewed buying pressure, managed to break higher and reach $217, setting a new high compared to 200 days ago! 🚀

Based on our previous analysis, the next bullish targets are set at $220, $245, and $260.