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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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.