SOL: Holds Crucial Support Toward $120 Target
SOL at $77.68 holds key support, lifting odds of $120 rally in 1-2 months as Michaël van de Poppe flags the level.
SourceAnalysis
SOL holds this crucial level for support and makes it therefore increasingly more likely that it continues to run to $120 in the coming 1-2 months, according to Michaël van de Poppe.
Price sits at $77.68 directly above the EMA50 at $77.45 while the EMA200 rests at $75.86, confirming the broader bullish structure; the MACD golden cross at 0.04 keeps momentum intact and the neutral RSI at 54.4 leaves room for continuation, with the pair still inside the Bollinger bands between $74.42 and $78.87 pointing to a measured push higher before any volatility spike.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast