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SOLUSDT
Entry 188.6800 2025-08-16 19:59 UTC
Target 418.3400
Fail 157.2500
Risk / Reward 1 : 7
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SOLUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis focuses on SOLUSDT. It notes that to break $400, Solana would require a parabolic altcoin season. The short to medium term looks relatively bearish, indicating an opportunity for Dollar Cost Averaging (DCA) at better prices. A double top and liquidity sweep with a bearish pivot signal indicate weakness. The initial target is a retracement to $180-$160, which then would allow a push to $258, with relative ease. It suggests looking to sweep and test the double bottom, with volume at $150, the analysis zooms out, citing a move from $26 in October 2023 to $290 by January 2025. There's been a retracement to under $100 in April 2025. Given volume inflow suggesting institutional interest and a long-term Fibonacci perspective, a sweep of the 'Epic Golden Pocket' opens opportunities to reach TP2 and TP3, and that would see a price target of $400-$500.
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