251005 [SOL] Solana Outlook

Solana is judged to be progressing through a three-market pattern in the long term, and the situation remains positive.

On the daily chart, it continues to maintain an upward trend, and as Bitcoin undergoes a minor correction, Solana is also finding support in the 220-230 range.

Should it complete its correction from the current position and sustain its upward momentum, a rise to around 345 is possible.

In a highly positive scenario, an ascent to the 440 range could be achievable. To achieve this, it is crucial to defend the 215-225 range as a primary support level.

<1-hour timeframe>

Also, a substantial cup-and-handle pattern is forming on the 1-hour chart.

Should it find support at current levels or the trendline and stabilise above 240, this could signal a significant bullish move.

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