@morecryptoonline

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Avg. Quality

71

Success Rate

26.78

Analysis

1307
Correct
350
Fail
872
Pending
85
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Correct
SOLUSDT
Long Entry 125.8900 2025-12-21 09:30 UTC
Target 134.6000 In 2 Weeks Fail 118.9900
Risk/Reward 1 : 1
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Final PnL
6.92%
P/L:
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SOLUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
The analysis of Solana (SOLUSD) is primarily focused on an anticipated pullback, expected to precede a significant upward movement. The chart indicates a completed five-wave impulse move to the upside, which is now followed by a corrective pullback. This pullback is interpreted either as an A-B-C corrective structure or a wave 2 retracement. Key support levels for this pullback, derived from Fibonacci retracements, are identified within a range of $118.99 to $123.45. Specifically, these levels include 38.20% at $123.45, 50.00% at $122.13, 61.80% at $120.82, and 76.40% at $118.99. The analysis emphasizes that maintaining price above the $118.99 level is crucial for the continuation of the bullish outlook. Upon successful completion of this pullback, the market is projected to initiate a new upward impulse. Potential target areas for this subsequent bullish move are located within a resistance zone, with Fibonacci extension levels suggesting targets up to $134.60 (78.60% extension). The immediate strategic focus is on the identified micro-support area for a potential reversal and subsequent price appreciation.
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