News: The Solana spot ETF in the U.S. has seen a significant inflow of capital, with over $476 million USD coming in over 17 consecutive days. At the same time, the Solana network has reported strong revenue growth, reaching around $2.85 billion USD. These factors have bolstered investor confidence in Solana, creating a favorable environment for the upward trend of SOL/USDT.
Chart: On the H4 chart, SOL/USDT is currently trading within a strong uptrend channel, supported by the Ichimoku cloud at 133.23 USD. The price is in the support zone around 128 USD, and there is potential for a strong rebound if it continues to hold above this level. If SOL/USDT maintains this trend, the next target could be 145 USD, where there is strong resistance in the short term.
Outlook: With positive macro factors and a clear technical structure, SOL/USDT could continue its strong uptrend, aiming for the 145 USD resistance level in the near future, as long as the price stays above 128 USD.
Chart: On the H4 chart, SOL/USDT is currently trading within a strong uptrend channel, supported by the Ichimoku cloud at 133.23 USD. The price is in the support zone around 128 USD, and there is potential for a strong rebound if it continues to hold above this level. If SOL/USDT maintains this trend, the next target could be 145 USD, where there is strong resistance in the short term.
Outlook: With positive macro factors and a clear technical structure, SOL/USDT could continue its strong uptrend, aiming for the 145 USD resistance level in the near future, as long as the price stays above 128 USD.
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LEVEL UP YOUR TRADING
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Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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.