Solana has been absolutely crushing it with a nearly 33% surge over the past month after the broader market came back to life since August 19. 🖤
It is trading just south of that $100 mark right now and tons of analysts expect a fresh rally to kick off soon while others stay cautious about a possible double digit dip lol. 🌙
Bullish Charts Lighting Up ✨
X user Ash Crypto just called out how SOL shows one of the most bullish setups in crypto right now with three big signals all flipping bullish. Those include the first green monthly candle in 10 months the monthly MACD heading for a bullish cross and the monthly RSI finally breaking its two year downtrend fr.
The Black Bull and Gerla jumped in too with the first calling SOL a $500 token trading at $100 and the other thinking it finished its manipulation phase so it might blast toward $500 then $1,000. 📈
Whale moves and big institutional interest are backing this vibe hard with Lookonchain noting HURDw grabbed almost $30 million in SOL over the last three weeks while Ted shared a whale scooped $9 million more signaling smart money shifting to alts. 🐳
Spot SOL ETFs have been posting mostly green lately which means hedge funds pension funds and other big players are hungry for it so issuers like Bitwise Fidelity Grayscale VanEck and Franklin Templeton are buying SOL and could fuel even more gains. 💰
On top of that SOLs RSI dipped below 30 so it is in oversold territory and might be ready to rip higher since the scale goes to 100 and above 70 reads as bearish. 😈
Watch For A Big Drop 💎
Some voices like BATMAN and Crypto with Haris ₿ are the skeptics with the first noting SOL looks weaker and the Stochastic oscillator flashing a bearish divergence while the second is sitting on over $180000 unrealized loss yet refuses to bail expecting BTC to crash to $62000 and SOL to hit $80. 📉
Just another echo from the void by iconofsin.eth 💖
