The Long Investor
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$SOLUSD
🕑 Added 2025-05-09 17:32:01 +0000 UTCSolana has also been involved in the Alt run lately and we can see that the price action has been routing to its own 200 Day MA at $181, having broken above the blue line at $143, and retested it from support from above and held.
A rejection at the 200 Day MA could come next and we would be looking for a higher low here next for Wave 2.
Another retest of the blue line in between the 0.38 - 0.5 Fib range at $138 would be the ideal target to pull back in 3 waves.
$ETH and $SOL will likely continue moving higher together if they can both hold higher lows next.
Comments
DiegoTheSabre17
flipping 295 area.. blue skies!
Selim
@CAP: I am still not sure wether I understood your wave count right. Your answer would really help me. Do you think that it is more likely that SOL has finished its ABC? Meaning that the bottom is in? Or is it more likely that we are in a Wave B currently and we will correct even lower than we did in April?
Leo
Cap, can you do chart on XRPUSD please?
