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Breakout Point Is Not So Far Anymore In SOL Price
Zooming out to the daily time frame, it's evident that the declining trend line is just above the current SOL price. A breakout here could indicate a significant upward movement.
Since SOL and many other altcoins often follow Bitcoin's sentiment and actions, if Bitcoin can return to its previous local high of just over $65,000 and surpass it, the bull market could resume, and altcoins might start to rally.
The potential bull run targets for SOL before the end of the year are $160, $200, and $260. However, if SOL drops below $120, it could be at risk, likely due to a simultaneous decline in Bitcoin. Given Bitcoin's strong fundamentals and positive sentiment, optimism remains high.
zooming in on the ongoing LastPointofSupport formation2 scenarios here, either wise we shoudl be ready for the mr.market to lead us where to make entry on this setup..
this post is in addition to the previously mentioned reaccumualtion thats ongoing in this scrip in the apst 4 years...
here is the reference to the idea..
disclaimer... not an investing/trading recommendation
ZooooooomZoom fundamentally good company with too good daily usage named brand. Earnings have been constant throughout and we can expect some growth now as company has laid off some guys with the herd giants like google and Facebook.. Just matter of time with very large RR and can expect good return.