Today, we got reports that the SEC requested SOL ETF issuers to update their filings which ignited the rally past $165. This boosts investor confidence- we should see good bullish volume in the near term, targeting $185.
US-China talks have also came back positive, awaiting both presidents' approval.
The first hurdle, still, is the 200SMA. Ideally, we want to see a bullish close above $168. This should be easily taken this week, if not today. From there, we aim for the near term high of $185 before zooming out to aim for $250.
US-China talks have also came back positive, awaiting both presidents' approval.
The first hurdle, still, is the 200SMA. Ideally, we want to see a bullish close above $168. This should be easily taken this week, if not today. From there, we aim for the near term high of $185 before zooming out to aim for $250.
Note
We are on track to take $170 today! If it does happen, we will have SIX consecutive green daily candles so far. A pattern we have not seen since the very bottom of the bear market @ $8 in early 2023. What followed after that was a massive 50%+ increase in just 10 days.
It probably won't happen here, but a man can dream... :+)
Trade active
Price is now retesting the $160 support. FOMO $168 positions are being taken out before we advance to $170.
Order cancelled
We can now focus on the previous idea- the final liquidity hunt.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.