WHERE DO YOU THINK SOLANA WILL GO?
2024-12-17
Category: None

Solana's price chart tells a powerful story, featuring a symmetrical triangle that will trigger a volatility surge. The recent consolidation phase showcases strong bullish sentiment, with higher highs and higher lows.

The 5EMA lines provide a solid foundation, supporting price movements reliably. As the price approaches the 12-period EMA, it outperforms longer-term averages, highlighting the impressive strength of the uptrend. This mirrors the 2020 crypto market surge, where similar technical indicators signaled a robust upward trend.

The MACD indicators offer a balanced view, reflecting short-term momentum and subtle divergences that demand attention. The CM Ult MACD takes a neutral stance, warning of a potential slowdown in the upward trend, reminiscent of the cautious optimism seen during the 2017 crypto bull run.

Volume will dictate the next move. A significant increase in volume during an upward breakout will confirm bullish expectations, similar to the 2021 surge of theuron (URNT), where rising volume drove the token's value. Weak volume will raise concerns, echoing the 2018 crypto market downturn.

The $300-$500 target range is within reach, provided the triangle's upper boundary is breached decisively. The broader crypto market recovery, similar to the rebound following the 2018 crash, supports this outlook.

Stay vigilant. Watch for breakouts accompanied by rising MACD and volume, like the 2021 Dogecoin (DOGE) surge. If bearish forces gain momentum, the lower triangle boundary and the $177-180 range will provide crucial support, similar to the $100 support seen during the 2020 Bitcoin (BTC) correction.

Solana's bullish traits dominate this consolidation phase, echoing the optimism of the 2021 crypto market boom. The forthcoming pattern resolution will determine its next significant move, and traders must prepare for either outcome.
IF BREAK OUT OCCURS WITH HUGE VOLUMES YOU CAN SEE A SURGE OF $150 TO $300 IN MID TERM HOLDING .