Solana has finally managed to touch upon the upper edge of the magenta-colored area between $129.9975 and $55.6400. Although it has shied away from entering it so far, we still expect the price to go lower and reach our provisional yellow trading-zone within the magenta area. There, wave in red should end and offer an attractive entry opportunity. Afterwards, we look forward to Solana taking off again and aiming for the resistance at $259.
However, if it decides not to linger below the $178 mark, there is a 25% chance that Solana could go for $259 earlier already.
However, if it decides not to linger below the $178 mark, there is a 25% chance that Solana could go for $259 earlier already.
