SOL / The Last 7 Months
2024-10-01

How can Solana's last 7-month period be interpreted in 1 sentence? 

   Starting from March 1st, the price entered a sideways phase above $125, forming 3 high and 3 low regions and after the last low, it is retesting the midline of the 7-month downtrend channel.

 What can be said about Solana's price direction in 1 sentence? 

   After forming 3 high and 3 low regions in the sideways range, the price re-enters the downtrend and as long as it doesn't break below, it is expected to form a 4th high region higher than the previous three.

 What are the major price zones above and below? 

   The $175.5 - $184 price zone above and the $141 - $152.5 price zone below are significant. In other words, a price staying above $152.5 is positive and inclined to move towards the upper region.