Recently, the market performance of SOL (Solana) has been noteworthy. From the monthly chart, although some have suggested a breakout at 295, this seems a bit overly optimistic. However, the target price of 231 this month still looks achievable. Last month's monthly line showed a medium bullish candle shape, with equal lengths of upper and lower shadows, which usually indicates that the price will continue to rise towards the monthly resistance level.



On the weekly chart, 240 and 252 are key resistance levels. Considering that Bitcoin may rise to around $120,000, SOL is likely to see a more significant increase, and the target of 252 seems quite reasonable. Currently, there are no top signals on the weekly chart, which further supports the bullish outlook.

The daily chart shows a fluctuating upward trend, forming a triangular convergence pattern. Once it breaks out, the price could test the resistance levels between 261 and 280, as well as the upper channel line.

Based on the technical analysis of the composite monthly, weekly, and daily charts, the overall trend of SOL shows a strong upward momentum. However, investors should remain cautious, closely monitor market changes, and manage risks appropriately. The cryptocurrency market is highly volatile, and price predictions are for reference only and should not be the sole basis for investment decisions.
SOL0.32%
BTC-0.65%
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BackrowObservervip
· 13h ago
SOL still looks bullish, a bit aggressive.
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SillyWhalevip
· 13h ago
You really dare to think that, good to look at but not to eat.
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GasFeeVictimvip
· 13h ago
This round of sol is making money effortlessly.
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ChainSauceMastervip
· 13h ago
Here comes the annotations for the younger ones again.
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Blockwatcher9000vip
· 13h ago
Chasing the price will definitely trap you, haha. Stay calm.
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wrekt_but_learningvip
· 13h ago
Bullish and that's it.
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BearMarketMonkvip
· 13h ago
rise crazy bullish traders pop champagne
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