SOLUSDT: Is the Next Surge Imminent or Will Bears Take Control?
2024-11-02

Yello, Paradisers! The question of the hour: Is #SOLUSDT gearing up for another big move, or is it about to hit a wall? Here's what we're seeing in the charts right now.

💎#SOLUSDT has shown impressive strength throughout this bull run, navigating within a parallel trading channel that consistently touches both support and resistance. So far, it's respected this structure with clear patterns and potential for further gains.

💎The pair has already completed an ABC pattern twice within this channel. This sets the stage for a potential 5th wave surge if the 4th corrective move holds as expected.

💎SOLUSDT has established a series of higher highs and higher lows. It seems poised for another higher high after a recent pullback potentially formed a higher low. A decisive CHoCH could signal the momentum needed for another upward move, pushing SOLUSDT beyond current levels.

💎The price has been defending a strong support level at $163.38. Holding this level strengthens the bullish case. The first significant test lies at $176.92. Breaching this resistance could open the gates to higher targets. If momentum continues, look for action around $186–$187.44.The top of this current setup and a crucial psychological barrier rests at $200.

💎If SOLUSDT closes a 4H candle below $157.84—the previous higher low—the bullish structure would break, and we might need to reassess potential downside risks.

💎SOLUSDT is at a make-or-break point. If support holds and a new higher high forms, we could see a significant move targeting higher resistance zones. Keep a close eye on how the price behaves near $163.38 and whether the momentum carries it to $176.92 and beyond.

Stay sharp and trade smart, Paradisers ! Consistency and a clear strategy are key to navigating these dynamic markets.

MyCryptoParadise
iFeel the success🌴
