Solana Long-Term: Defining Support Levels & 2025 Targets

12 dic

Your life can be simplified a-hundred fold just by defining resistance and support.

You can look at a chart and say, "Oh boy, it is impossible to predict, anything goes!"
Or you can look at a chart and say, this is the resistance and this is support.

➢ Above $170 Solana is long-term bullish.
➢ Above $210 Solana is hyper-bullish.

If it moves below these levels, we can say the bullish structure weakens, it has been compromised and prices can move lower.

As SOLUSDT (Solana) trades above $210, we are hyper-bullish and we can expect more, long-term growth.

That's how easy charting can be when you define resistance and support.


➖ SOLUSDT (Solana) Technical Analysis

After hitting a new All-Time High SOLUSDT went into a retrace. This happened this same week. This same week is the third week of bearish action.

Support was found this week on a wick right above $210. The current candle (week) produced a lower wick and is now back up. We have a drop bigger than 22% and the 0.382 Fib. retracement being tested, standard and valid for a retrace on a bullish wave. This is big enough, long-enough; after the retrace is over what follows is the resumption of the bullish wave.

The levels defined on the chart can also work as signals. Look at the structure and how perfectly balanced everything looks. The main support is blue.

The March 2024 high is also $210. So this level being tested and holding gives further strength to the bullish case —the resumption of the bullish trend.

The rest of the market is growing. Many of the big projects are moving forward. Solana can do the same.

There can be some consolidation because this pair is already strong enough. Consolidation can be counted as the three weeks when prices stopped growing and maybe 1 or 2 more before the next impulse, this is random and only insiders know.

The chart is bullish and says up. It is bullish because support was found at the last high which matches the Fib. extension numbers and moving averages as well. As long as SOLUSDT trades above $210, we are hyper-bullish, this has already been said. Do you agree?

If yes, what about the next target?
How far up can Crypto go?
Where is Solana going in the next month, next week, next year? Long-term growth!

The next major resistance level is $400. This is the Fibonacci golden ratio as well as a psychological level because it is a rounded number. Four is also related to stability, the base. It is the number most used for building structures; four corners... But this is not the end.

If retraces and corrections are really small it means people are not ready to fold.
If people are not selling it means the market is strong.
If the market is strong it means there is room for growth.

Strong growth must go beyond anything standard. $400 is standard.
$400 is strong but it is not extra-ordinary, we want more.

The next target is $500 after $400 and this is followed by $640, rounded up.
Here we have to stop... This is a main resistance level but, Solana is growing with many great projects, it is doing great just like Bitcoin and the rest of the Altcoins. It is one of the strongest pairs and we are still in 2024.

If dynamics are so good and sentiment is so great right now, let's go beyond $1,000 in 2025. What do you think?

The chart says $638 with a maximum of $870 for a standard bull-market, but there is nothing standard with everything that has been going on in the global stage. There is nothing standard about money evolving, and there is nothing standard about Bitcoin trading above 100K.

All this is extra-ordinary. Solana above $1,000 is extra-ordainary and that's exactly what we expect.

We want it higher.
It can go higher and higher it will go...

How do you think the price of Solana will be affected when the Spot ETFs go live all across the world?

Hope for the best, prepare for the best and we will have the best possible outcome in the years to come.

Cryptocurrency is a new form of money.
Cryptocurrency is innovation, technology, freedom and privacy all-in-one.

It is the perfect technology for a societies like ours.

See you at the top.

While many pairs are already moving, this is not the end.
The bull-market will last an entire year starting November 2024, we have a little more than 10 months left.

Wake up, stand up, look up and be strong.
The best is yet to come.

This is not financial advice. I am just sharing my heart, my feelings, my views, my experience and my Soul.

Thanks a lot for your continued support.

Namaste.