Solana (SOL) is heading towards a new peak on the horizon

The subject of this analysis is Solana (SOL), known for its speed in the blockchain world. In this article you will find a technical analysis from our premium environment with a price forecast for SOL for the coming period

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Technical Analysis Solana (SOL)

Solana is slowly looking better after the recent downward trend. Crypto Insiders analysts recently said the following in the Premium group:

“Our observations on Solana show a particularly interesting development. The chart clearly shows that SOL is following the dynamic trendline support well. We notice that the price always finds support at these lines and gradually moves higher.

Interestingly, SOL’s short-term structure has recently changed and now appears to be pointing in an upward direction. For us, this change is an important signal. The dynamic trend lines are crucial for the continuation of this uptrend. We expect a wave 1 from a 12345 Elliott wave pattern around the $115 zone. This would then lead to a correction wave 2, which should bounce off the trend line.

Based on this analysis, we expect a significantly higher price in the longer term, which could even exceed the previous high of $127. This offers an interesting perspective for the future of SOL and we will continue to monitor these developments closely.”

Date of analysis: January 30th. Link to trading view:

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