Solana at key support – high-risk opportunity for traders
Solana has fallen 20% since our last forecast, but is this the right time to buy? While the price is now near key support, Bitcoin’s recent breakdown suggests more downside could be ahead.
Bitcoin triggered a rectangle pattern targeting
73K, though it may bottom around 77K–80K. If that happens and Solana holds above $120, it could present a strong risk-reward setup for bullish traders, with a potential upside of 140%.
However, another scenario is also in play—a fake breakdown similar to what happened in January. If Bitcoin recovers quickly, Solana could rebound sharply within days.
With potential deregulation under Trump and shifting market sentiment, crypto could enter another bullish phase. Which scenario do you think will play out? Let me know in the comments!
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Bitcoin triggered a rectangle pattern targeting
73K, though it may bottom around 77K–80K. If that happens and Solana holds above $120, it could present a strong risk-reward setup for bullish traders, with a potential upside of 140%.However, another scenario is also in play—a fake breakdown similar to what happened in January. If Bitcoin recovers quickly, Solana could rebound sharply within days.
With potential deregulation under Trump and shifting market sentiment, crypto could enter another bullish phase. Which scenario do you think will play out? Let me know in the comments!
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.