Will Trump continue to increase Solana?
Hi all, let's look at the 1W SOL to USDT chart, as you know there is a lot of confusion about Solana, because Trump announced that he is considering it for the US reserve. However, here we can see how the price is moving in a specific uptrend channel, in its upper limit which so far has not been able to be positively broken.
Let's start by defining the targets for the near future that the price must face:
T1 = 265 USD
T2 = 291 USD
T3 = 324 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 247 USD
SL2 = 236 USD
SL3 = 220 USD
SL4 = 200 USD
Looking at the STOCH indicator, we can see that we have bounced off the middle of the range, which has given rise to the current increases, and there is still room for the price to go higher, but considering that any event related to Trump can have a major impact on the market, one should be extremely careful.
Let's start by defining the targets for the near future that the price must face:
T1 = 265 USD
T2 = 291 USD
T3 = 324 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 247 USD
SL2 = 236 USD
SL3 = 220 USD
SL4 = 200 USD
Looking at the STOCH indicator, we can see that we have bounced off the middle of the range, which has given rise to the current increases, and there is still room for the price to go higher, but considering that any event related to Trump can have a major impact on the market, one should be extremely careful.
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