SOL / TetherUSشراء
Is Solana Gearing Up for Another Rally?
Since early October 2023, Solana has experienced an impressive 1,000% growth, reaching its peak on March 18, 2024. Following this significant rally, the price entered a corrective rectangle pattern, retracing 50% of the previous wave and preparing for the next upward move.
After breaking out of the corrective pattern and achieving notable growth, Solana has now formed a zigzag corrective pattern. The price retraced from the 38.2% Fibonacci level, which aligns with the March 18, 2024 peak. Additionally, the price has shown a positive reaction to the midline of the ascending channel.
Given this structure, it is expected that Solana will continue its upward trend and touch the upper boundary of the ascending channel.
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Where do you think Solana is headed next? 🚀
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After breaking out of the corrective pattern and achieving notable growth, Solana has now formed a zigzag corrective pattern. The price retraced from the 38.2% Fibonacci level, which aligns with the March 18, 2024 peak. Additionally, the price has shown a positive reaction to the midline of the ascending channel.
Given this structure, it is expected that Solana will continue its upward trend and touch the upper boundary of the ascending channel.
If you found this (SOL) analysis helpful, let us know by hitting the like button! 💙
Where do you think Solana is headed next? 🚀
Drop your predictions and insights in the comments section below! 👇
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