Solana seems ready for a major uptrend

13 Nov 2023

We have seen how Solana has moved with good momentum looking for resistance in the $75 area. And of course, this type of impulse is to be expected in response to the long time in its major correction. Currently in a 4Hr chart, we can see the end of wave 3, starting the 4th wave with a complex correction. it is not doubtful to see Solana struggling to cross the resistance of $80 for the next few days. Despite being overbought, this last impulse is necessary to start its corrective and end its wave cycle. Now, if this impulse does not occur, we will enter a longer continuous correction that could take the price between $50 and $40. before seeing new momentum.