Solana (SOLUSD) Is Showing Some Serious Bullish Momentum, and It Looks Like We're in for a Thrilling Ride!

Get ready for some exciting news! Solana (SOLUSD) is showing some serious bullish momentum, and it looks like we're in for a thrilling ride!

Solana (SOLUSD) has been displaying some impressive bullish momentum, and it's showing no signs of slowing down. The 1D MA50 (blue trend-line) is presenting a crucial resistance level, and if SOLUSD manages to break through, it's setting the stage for a new bullish leg within the Channel Up. But let's not get ahead of ourselves; here's a closer look at the key levels to watch:

* Support Zone 2: A Solid Base

Keep an eye on that recent low—it's perfectly aligned with Support Zone 2, a pivotal pivot level. This bounce is a powerful signal, like the one we saw in September when the last bullish leg began.

* 1D MA200: A Long-Term Stronghold

The December low nearly touched the 1D MA200 (orange trend-line), a long-term support level. Now, it's the foundation for the Channel Up.

* RSI: Oversold Bounce

The December 22nd low triggered a rebound in the 1D RSI from the oversold barrier (30.00). Throughout history, every time the RSI hit this level, it was a strong buy signal, leading to at least a 0.786 Fibonacci retracement.

Solana's recent bullish activity has us expecting some serious gains!

* Target 1: $242.00

Our initial target is $242.00, which corresponds to the 0.786 Fibonacci retracement.

* Breaking Through Resistance 1: $265.00

If SOLUSD breaks above Resistance 1 at $265.00, it's a bullish breakout! We'll be looking to buy the dip and target the top of the Channel Up, all the way up to $380 (Target 2).

That's a potential +119% rise from the December low!

Let's recap:

* Solana is showing strong bullish signs.

* We're expecting a new bullish leg in the Channel Up.

* Targets are $242.00 (Target 1) and $380.00 (Target 2).

Ready to ride this wave with us?

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Remember, this is not financial advice. Always do your own research before making any investment decisions.

Let's make some money!

#Solana #Bullish #Binance #Crypto

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P.P.S. Remember to stay safe and trade responsibly!