$SOL Road to $400+

29 พ.ย.

This write up is about SOLUSD
.
For the diagram we have market structure and some nice price action going on.

Currently, it looks like SOLUSD
is looking to consolidate its price action to continue its bullish action to soon break through the overhead resistance outlined with the purple box. Price has dipped into the liquidity at least once, and bulls are taking over.

Once price breaks out of the overhead supply zone, I do believe price will bounce off of the channel to retest the overhead resistance only to find the resistance will turn into support. At that point, price should have nice stable base to break out of the channel formed from the most recent Highs of SOLUSD .

Maybe all this stalls and take a bit if it gets rejected from the overhead resistance, however, I am loaded up and ready to reach Solana-sphere.

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