Solana: It Will Grow But...
2024-12-27
Category: None

The big market cap. projects have their own cycle, they all tend to do the same. Many of the smaller projects are moving strong and we will have a look at those soon, but first, let's look at Solana to see what it has to say.

Solana moved back within its consolidation range and this is the accumulation zone. Buyers can accumulate here in anticipation of the next bullish wave and the 2025 bull-market bull-run.

The main level in this range sits at $170 which was activated recently, followed by a small bounce. Here we can see some sideways, some up some down; always remaining within the $170 - $210 range, followed by a strong support level around $143, which is part of the consolidation range.

The range is really big and Solana can easily produce wild swings. We see support around $115. This level isn't likely to be activated but shouldn't be totally dismissed.

The correction started late November and the minimum we get is an ABC. It can take months for this pattern to fully develop. It has been active now for a full 30+ days.

Will Solana enter a bear-market or is this project set to continue on its path of long-term growth?
Yes, it will grow but it takes time... For the next bullish wave it can take an additional 1-2 months.

Thanks a lot for your continued support.

This time can be used to prepare a plan to maximize profits on the way up.

Namaste.