SOLANA (SOLUSDT): Bullish Momentum Achieves All Targets!
2024-10-27

SOLANA (SOLUSDT) Analysis: Bullish Momentum Achieves All Targets! 

 
 Time Frame: 15-minute
 Trade Type: Long
 Entry: $168.54
 Stop Loss (SL): $167.82
 

 Targets (TP): 
 
 TP1: $169.43 - Achieved ✔️
 TP2: $170.86 - Achieved ✔️
 TP3: $172.30 - Achieved ✔️
 TP4: $173.19 - Achieved ✔️
 

 Technical Overview: 
Solana (SOLUSDT) displayed a strong bullish trend, successfully hitting all projected targets in the 15-minute timeframe. The price maintained an upward trajectory supported by the Risological dotted trend line (a custom trend indicator) reflecting solid market support and increasing momentum.

 Key Stats: 
Volume: 2.91M (compared to an average 30-day volume of 14.55M)

 Performance: 
 
 1 Week: +9.02%
 1 Month: +11.98%
 3 Months: -5.79% (slight retracement)
 6 Months: +26.41%
 Year-to-Date (YTD): +71.06%
 1 Year: +448.54% (significant yearly growth)
 

The successful completion of all targets showcases strong buying interest and consistent volume support. With a sharp yearly growth rate, Solana’s current performance aligns well with its historical bullish trajectory. Traders who entered at the set entry point reaped the benefits as SOL maintained its bullish momentum.