SOLUSDT has spent several months trading inside a broad rectangle range on the 1D timeframe.Price has now broken out of the short-term descending channel, reclaimed the 200-day moving average, and is approaching the upper boundary of the larger rectangle.
Current price: $95.43
Key breakout zone:
$97.78 - $100.00
A confirmed daily break and hold above this area would strengthen the rectangle breakout and open the path toward the projected targets.
Targets
🎯 Target 1: $120.00 (+25.74%)
🎯 Target 2: $127.00 (+33.08%)
🚀 Target 3: $148.00 (+55.08%)
Key supports
• $83.42
• 200-day MA: $81.19
• Major range support: $76.70
Deeper invalidation level:
$70.68
The important point here is that the higher targets are based on the larger rectangle breakout structure, not simply the recent short-term channel breakout.
The immediate confirmation to watch is a daily close above the $97.78-$100.00 range ceiling, followed by price holding above that zone.
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Technical analysis for educational purposes only, not financial advice.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.