We maintain our unchanged outlook. The price is currently at a pivotal support zone around $80-$85, which is characterized by:
• A clear demand zone • A long-term upward pivot point • A crossover with an upward trend line from the 2023 low
As long as the weekly close remains above this support, the bounce scenario remains valid, with a gradual target of $150 and then $240 if momentum returns.
However, a break below this zone with a clear weekly close would trigger a deeper correction, requiring a complete reassessment of the structure.
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SOL Weekly Timeframe Update.
We maintain our unchanged outlook. The price is currently at a pivotal support zone around $80-$85, which is characterized by:
• A clear demand zone
• A long-term upward pivot point
• A crossover with an upward trend line from the 2023 low
As long as the weekly close remains above this support, the bounce scenario remains valid, with a gradual target of $150 and then $240 if momentum returns.
However, a break below this zone with a clear weekly close would trigger a deeper correction, requiring a complete reassessment of the structure.
$SOL
{spot}(SOLUSDT)