Solana Is Extending The Rally As Expected; New All-Time Highs Soon?

Solana is extending the rally as expected and it's still eyeing new all-time highs from technical perspective and by Elliott Wave Theory.

Image Source: Pexels


We want to update Solana with ticker SOLUSD chart from August 08, where we mentioned and highlighted a correction within an ongoing five-wave bullish impulse towards the all-time highs area. We talked about subwave 4 correction that can send the price higher for wave 5 of (3).

SOLANAUG08

SOLUSD Daily Chart From August 08


As you can see today on November 15, Solana is nicely extending the rally within wave 5 of (3) and there can be easily space and time towards the 260 all-time highs area, because wave 5 should be finished by a five-wave cycle of the lower degree. We actually see room up to 300 area or higher, just be aware of a lower degree subwave "iv" pullback around the all-time highs area before a bullish continuation for the final subwave "v" of 5 of (3).

solananov15

SOLUSD Daily Chart From November 15


More By This Author:

Gold Found A Top; Higher Degree Correction In Play
ALTcoins Are Trying To Follow Bitcoin; DeFi Bulls Are Here
Bitcoin: Finally Back To All-Time Highs As Anticipated

STOCKS IN THIS ARTICLE

Comments