Solana (SOLUSD) has been consolidating mostly within the last 2 months, with the 1W MA50 (blue trend-line) as its Resistance and the 1W MA200 (orange trend-line) as its Support. We have posted this chart more than two months ago, giving a timely sell signal to exit this market.
Based on the early 2022 price action, Stage 1 of that Bear Cycle was completed after a short-term rebound towards the 1D MA200 (red trend-line), which was rejected and initiated Stage 2. We expect that to be confirmed once the 1W MA200 breaks. Notice also the similarities between their 1W CCI fractals.
The minimum Target we have for the 2026 Bear Cycle is $30.00, which is both on the 0.618 Fibonacci retracement level from the previous Cycle bottom as well as the 2.78 Fib extension (blue) from the recent High and Low.
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Based on the early 2022 price action, Stage 1 of that Bear Cycle was completed after a short-term rebound towards the 1D MA200 (red trend-line), which was rejected and initiated Stage 2. We expect that to be confirmed once the 1W MA200 breaks. Notice also the similarities between their 1W CCI fractals.
The minimum Target we have for the 2026 Bear Cycle is $30.00, which is both on the 0.618 Fibonacci retracement level from the previous Cycle bottom as well as the 2.78 Fib extension (blue) from the recent High and Low.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.