Solana 300 Days Sideways; Bullish Or Bearish?
2025-01-13
Category: None

Bullish!

Notice the sideways channel. Easy to see the fact that the upper boundary has been violated. It is also easy to see that SOLUSDT is trading above the middle section of the channel. Bullish—bullish.

Solana is trading daily above MA200. Super-bullish.
MA200 matches the 0.618 Fib. extension level for the current bullish wave. Also-bullish.

300 days going sideways is good news. This is a positive development.
Preceding a major advance, a consolidation period is needed, necessary and required. Solana is meeting this requirement nicely as it has been sideways for ten months with a bullish bias. The bias is bullish because the action is happening near resistance rather than close to support. Bullish-bullish.

No need to scream, no need to cry no need to be surprised. There is no need to be surprised if Solana starts trading above $300 in a matter of months.

No surprises is Solana goes above $400 before or near to May.
No surprises here, all growth is welcomed.

We want the market to grow and we are ready to grow.
We are ready with spot positions and even a leveraged trade.

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