Solana Update: It's Looking For A Bullish Resumption

Back on March 8th we mentioned and highlighted a bullish setup formation on Solana with ticker SOLUSD, where we were tracking an A-B-C flat correction within higher degree wave (B)/(2).

As you can see today, Solana a.k.a SOLUSD bounced nicely from projected support and it's now looking for a bullish resumption within a higher degree wave (C) or (3), which should be completed by a five-wave cycle of the lower degree.

Technically speaking, there can be room at least up to 35-40 area for wave (C) or maybe even higher for wave (3) if we will see an extension decisively above 40 region.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.