Solana's future path
After a bearish breakout from the pattern, it looks like Solana is forming a reversal pattern. In that case, we can see the bulls at work with another attempt to break the $260 resistance. If they fail, we might see Solana's price ranging between 180-260 in the coming weeks. The price can reach $180 and if $180 support is broken as well, then the price can go as low as $120, which is unlikely to happen.
But if the bulls break the $260 resistance, Solana can make its way to a new trading range, and the price can reach $400.
The price can also reach $216 and $200 because of the clear inverted H&S on the weekly timeframe, but if $200 is lost, then the first bearish scenario can play out.
But if the bulls break the $260 resistance, Solana can make its way to a new trading range, and the price can reach $400.
The price can also reach $216 and $200 because of the clear inverted H&S on the weekly timeframe, but if $200 is lost, then the first bearish scenario can play out.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.