Solana is forming a massive cup and handle in the daily chart. In early November, Solana finally broke above the resistance line and (temporarily) completed the cup and handle pattern.
It is only the speculation, but if we did not have the US tariff drama, Solana (and the rest of the market) would have started a strong bull cycle.
In August 2025, the price finally broke above the resistance line again. It looked like the price was going to finally start to move to the upside. Then, we experienced another crypto bloodbath due to the US-China tariff issue last Friday. I have no idea how the next few weeks will unfold, but at this stage, the price managed to stay above the support line and it is recovering.
I already hold Solana positive for long term investment, but I intend to open a swing trade position when:
1. Daily RSI lines cross to the upside and break above the descending resistance line.
2. Stochastic move to the 50 zone.
3. MACD lines can stay in the bear zone, but the lines needs to cross and tilt to the upside.
It is only the speculation, but if we did not have the US tariff drama, Solana (and the rest of the market) would have started a strong bull cycle.
In August 2025, the price finally broke above the resistance line again. It looked like the price was going to finally start to move to the upside. Then, we experienced another crypto bloodbath due to the US-China tariff issue last Friday. I have no idea how the next few weeks will unfold, but at this stage, the price managed to stay above the support line and it is recovering.
I already hold Solana positive for long term investment, but I intend to open a swing trade position when:
1. Daily RSI lines cross to the upside and break above the descending resistance line.
2. Stochastic move to the 50 zone.
3. MACD lines can stay in the bear zone, but the lines needs to cross and tilt to the upside.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.