"Uptober" in the Crypto Market Has Begun

Alongside BTC, SOL has also rebounded from recent price losses. Is now the time to go long and aim for new all-time highs? In our view: almost. The market remains tricky, and further setbacks are expected, though an overarching upward trend is emerging.

Currently, we see a short- to medium-term short setup for SOLUSD, as indicated in the chart. New opportunities for long entries could arise in the target zone area.