Today we take a look at Solana (SOL), which is known for its impressive processing speed and low transaction fees. This analysis from our premium environment focuses on the price prediction of SOL in the near future.
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Technical analysis Solana (SOL) price
A new Solana analysis was recently shared in the Crypto Insiders Premium environment. This is what the analysts say about the price:
“Solana has been running mostly sideways since Christmas. We already expected this as we have drawn a blue resistance zone between $109 and $119.
A clear correction pattern can be seen in this zone. Our plan is to closely monitor the dynamic beamline. If Solana holds this level, we believe that wave 4 of the 12345 Elliott wave pattern may have completed and we are at the beginning of the final wave 5.
However, it is possible that the price will first test the support line at $100 again. We remain optimistic as long as Solana remains above this key support line. In this case, we are targeting a possible increase to around $150.”
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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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