SOLUSDT when testing the bottom forms a reversal pattern and heads to the channel resistance, where it begins to consolidate for a possible trend change.
After a long consolidation and numerous retests of the resistance line, which has been formed since May 2022, the price finally breaks through this zone and forms a strong momentum. The push was followed by the rise of bitcoin, which strengthened to 30000.
SOLUSDT finds potential for growth towards 50,000
Strong support: 20.00, 16.00
Strong resistance: 23.9, 26.05
I expect the growth will now start to realize the accumulated potential. Growth can be directed towards 32.00, then to 40.00.
After a long consolidation and numerous retests of the resistance line, which has been formed since May 2022, the price finally breaks through this zone and forms a strong momentum. The push was followed by the rise of bitcoin, which strengthened to 30000.
SOLUSDT finds potential for growth towards 50,000
Strong support: 20.00, 16.00
Strong resistance: 23.9, 26.05
I expect the growth will now start to realize the accumulated potential. Growth can be directed towards 32.00, then to 40.00.