#SOLANA'S BULLISH RUN CONTINUES! (KEY SUPPORTS AND TARGETS)
2024-09-25

Solana Analysis Summary 📊
1-Hour Time Frame ⏰

The short-term trend for #Solana is bullish 📈 as it remains above its weekly and monthly support levels. As long as Solana stays within the bullish channel in the 1-hour time frame, this bullish-trend can continue with strength 💪.

There are two key support levels for forming a bottom in this bull-trend:

First Support: The midline of the 1-hour channel and static support at 149.94 (which it has currently touched) 📍.
Second Support: The bottom of the 1-hour channel and static support at 145.87 📉.

If the 1-hour channel bottom is lost, Solana’s trend will remain bullish, but we could see a temporary drop to the support zone of 139.04 - 141.40, where it might form a bottom and resume its growth 🚀.
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Growth Targets:
🎯 Target 1: 155.73 - 156.79
🎯 Target 2: 160.85 - 162.30
🎯 Target 3: 166.83 - 168.84
I don’t expect any further growth beyond Target 3 at the moment.
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Stop-Loss for Solana’s Growth Scenario and entry into a new bearish phase:
A break of 139.04 support on the daily time frame 🛑. In that case, the analysis will be updated.
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Share your thoughts about #Solana with me and others in the comments below 💬.


