In this article, we analyze Solana (SOL), a powerful blockchain platform that offers speed and efficiency for decentralized application development. Our premium analysis examines the current price development of SOL and offers a look into the future.
This information is critical for anyone investing or considering investing in SOL. For just €1 you can test our premium environment for 30 days. There you will gain access to in-depth market analysis and have the opportunity to discuss and learn from crypto experts and enthusiasts.
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Technical analysis Solana (SOL) price
Crypto Insiders analysts recently provided a new analysis for Solana. The following insights were shared for the first time with members of the Premium environment:
“On the Solana chart, we see an Elliott Wave pattern with a wave 3 already completed. We are now in corrective wave 4, which is expected to land in the green buy zone, which is between $41 and $48. This zone is formed based on key Fibonacci support levels and is considered a potentially attractive entry point.
From this green area, we expect SOL to start a new upward move, with a target in the blue area between $73 and $80. This zone is not arbitrarily determined; It is formed with Fibonacci extension levels and indicates a possible route for the upcoming wave 5.
An important level to watch is the invalidation level at $27.19. A fall below this level would invalidate the current bullish setup and could force us to rethink the analysis. Until then, we remain optimistic and look forward to the potentially strong upside that could lead us to the higher price targets.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.
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