Solana Technical Analysis Continued 2/29/24

Solana 8hr Chart via MEXC.


NOT FINANCIAL ADVICE.

As was discussred in my previous three posts (please see previous three posts) Solana has made the move to break through the bullish flag, and not only that but also out of the top of the parallel channel. It will have to test the top of the parallel channel as support at the least and potentially test the top of the flag as support. This move was exactly as previously predicted and leaves only one question. How high?

Previously, I discussed the potential to see 3-5x in Solana. As these calculations line up, and Solana follows my calls so flawlessly, the possibility of $500-$1000 Sol becomes a real possibility. These calculations are not easy to call because I'm a genius or because I do the best technical analysis. Since Solana was below ten dollars, the chart has followed the ideal movement for its supply and market cap. From the break out of consolidation at $24:
To this current break out of consolidation via a flag, Solana has followed very closely to the ideal for a crypto to move. It is healthy movement, not a quick pump and dump, a slow steady and stable upwards move that has shown very little signs of weakness. When compared to the early days of Ethereum, it is significantly more controlled and moves with much more purpose.

The next step is monitoring this break out, seeing if it can get through the resistance at $140, monitoring the tests of support at the top of the flag and parralel channel and making moves accordingly. This looks like the beginning of the second leg of the bullrun market wide.

NOT FINANCIAL ADVICE.