Solana course forecast – after a hard descent now an ascent?

In our last Solana price prediction , we wrote that we broke the $128 – $133 support. Because of this, we assumed that the price could fall a bit more in the near future, which it did. The price has fallen from $118 to +/- $81. So we have a price loss of over 30%. The price tested our first target ($66 - $80) and has been rising ever since. But how could the Solana course continue and what are the next goals? We'll enlighten you! Solana price found buyers at the $80 horizontal support, which is why we have bounced from there. The following day, after the price hit the $80 support, the price performed a doji on the daily chart. These candlestick patterns often indicate a trend reversal. Based on this, we assume from now on that we could see an increase in the price in the near future. At best, Solana price could test the old support zone. Thus, it is possible that the price will soon stand between $128 and $133. The indicators in the daily chart also show that we will not fall sharply for the time being.

Solana price has formed an inverted shoulder-head-shoulders formation on the 1-hour chart. This formation often serves as a trend reversal and has a high chance of success. Thus we are subordinate as well as superordinately supplied with bullish formation. This increases the likelihood that we will rise in the near future. The head and shoulders formation target is around $114.

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