Solana Chart Analysis
Solana has made significant gains over the past few days and weeks. While we were still in the $20.00 range in mid-June, Solana has since rallied over 660% and is currently at around $138.00.
After our high at around USD 150.00, we bounced off monthly resistance and could now potentially form a trend reversal pattern. On the 2H chart, we can clearly see the formation of a Head&Shoulders pattern.
The price target here would be around USD 120.00. Directly below this is our first stronger support at around USD 110.00 – 113.00. A correction would be important for the continuation of the rise.
We can also clearly see the steep rise in the SOL/BTC chart. Again, we have bounced off the monthly resistance R1 at around 0.003 BTC. Currently we are at around 0.0027 BTC.