Solana: Monthly ChandeMO Crosses Zero Signaling Acceleration
Trader Tardigrade notes that Solana's monthly Chande Momentum Oscillator has hit bottom and crossed zero, repeating the 2023 sequence that preceded a sharp vertical rally.
SourceAnalysis
Trader Tardigrade highlights that $SOL monthly ChandeMO captured the prior cycle low almost exactly, with the indicator now crossing zero to accelerate the uptrend as it did in 2023 when Solana turned vertical.
On the four-hour chart Solana sits at $109.38 below the EMA50 at $114.08 and EMA200 at $112.07, locking in the bearish structure, while the MACD golden cross at -1.79 supplies early momentum that could drive price toward the upper Bollinger Band at $113.25 before any test of lower-band support at $107.14.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.