Solana's Correction Ending (50% to 100%+ Target at $53/$70 Next)

1 Jul 2022

SOLUSD is now challenging EMA21 after closing above EMA10 as we see a rise in buyers.

The impulse move started 13-June and peaked at 66% of growth.

A 28% correctoin followed that ended below the 0.618 Fib. retracement level of the bullish wave that started in mid-June.

As soon as this level was hit, we see buyers coming in.

If the low just hit is the 2 wave of a bullish impulse, the 3rd wave can push prices to $53 or even higher to $70+.

Conditions for change
If prices fall and close below $30 this analysis is invalidated.

Thanks a lot for your support.

Namaste.