SOL: Van de Poppe Eyes $100+ Breakout
SOL trades at $80.27 after breaking resistance; Michaël van de Poppe targets $100+ within 1-2 months if support holds.
SourceAnalysis
SOL breaks above its key resistance zone at current levels near $80.27, flipping the structure higher according to trader Michaël van de Poppe. The analyst sees no barrier to continuation toward $100+ over the next one to two months provided the range low remains intact as support.
Price action on the 4h chart shows SOL testing upper Bollinger Band resistance at $80.99 while RSI holds neutral at 65.35 and MACD registers a bullish golden cross of 2.07. With the EMA50 anchored at $73.84 and EMA200 at $74.45, any healthy retracement should find bids at the 50-EMA before the next leg higher materializes.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast