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R.Linda Trading - forecast

SOL (SOLANA) - Transfer from accumulation to distribution

2024-09-19 09:24 CRYPTO forecast

💡 Ideas For SOLUSDT 🪙

📈 Transfer from accumulation to distribution

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SOL reacts with growth following the rest of the market. The reaction was provoked by the beginning of the Fed's rate reduction course. How long this reaction will last is unknown, but at the moment the coin is moving into the realization phase...

Buyers continue to hold the price above 121-126, forming a clear boundary for the market as well as a bottom. The potential of the coin is quite interesting, because if the bulls continue to move forward proactively, the coin may reach ATH in the medium / long term.

On H4, SOL is entering the realization phase, breaking through the consolidation resistance. If the bulls hold 138.13, then it will go up.

Resistance levels: 138.13, SMA200

Support levels: 126.8

There is a lot of energy accumulated to move in one direction or another. The price exit through the resistance sends hints). If the buyers pass through the resistance (trigger), the active phase of realization will begin, the target of which could be 162 - 193

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