Solana on the verge of 100% profit and more?!!!

Solana on the verge of 100% profit and more?!!!

SOL/USDTFREE UPDATE

Are you ready for $266

Solana has been among the top performers most of this year and saw a time of boring consolidation for the last two months. Solana Breakout event in Lisbon starts on 7th November, which seems to be the perfect catalyst for the SOL ecosystem bullish run to continue.

From a technical perspective, the price bounced after testing the D2 demand zone and the channel support and range 0.25. plus successfully re-tested the local 4hr demand.

Downside risk is based on the whole market turning down, but that’s always present. Should be one of the best relative performers.

On the lower 4h timeframe, we saw a nice break above the IHS neckline, so the momentum to continue remains very high. We are bullish on this coin and expecting it to do very well in a medium time frame (weeks) with major resistance at $266.