SOL $72.92 · Consolidation complete, starting a second run?}
From the chart, Solana’s structure is very clear:
📈 $64 bottom → surge to $74.5 (+16%)
🔄 $71–$74 range consolidation (moving averages catch up)
🟢 Now $72.92 = rebounded again from support $72.02
The green moving averages are trending upward the whole time, and price remains above them throughout. This is textbook-level bullish trend structure.
Key levels:
🟢 Support: $72.02 (must hold)
🔴 Resistance: $74.5–$75 (previous high; breakout opens new space)
🎯 Targets: $77–$80 (mid-term structure targets)
On the chart, both short signals were “blown up” by the main trend— in a strong trend, follow the trend > go against it.
SOL’s on-chain revenue is up +186% year-over-year this year, and Firedancer upgrades are on the way. Fundamentals are supporting, and the technicals are coordinating too.
Hold $72, and SOL has room to play.
⚠️ For reference only, not investment advice
#SOL #Solana #YunxiangWealthLecture
From the chart, Solana’s structure is very clear:
📈 $64 bottom → surge to $74.5 (+16%)
🔄 $71–$74 range consolidation (moving averages catch up)
🟢 Now $72.92 = rebounded again from support $72.02
The green moving averages are trending upward the whole time, and price remains above them throughout. This is textbook-level bullish trend structure.
Key levels:
🟢 Support: $72.02 (must hold)
🔴 Resistance: $74.5–$75 (previous high; breakout opens new space)
🎯 Targets: $77–$80 (mid-term structure targets)
On the chart, both short signals were “blown up” by the main trend— in a strong trend, follow the trend > go against it.
SOL’s on-chain revenue is up +186% year-over-year this year, and Firedancer upgrades are on the way. Fundamentals are supporting, and the technicals are coordinating too.
Hold $72, and SOL has room to play.
⚠️ For reference only, not investment advice
#SOL #Solana #YunxiangWealthLecture