Solana (SOL) Price Prediction for August 15
Solana has continued its bullish breakout, which has pushed the price of Solana up to $203.34 today after briefly testing $210. The move comes after a strong bounce back from the $140–$150 demand zone and a confirmed breakout from a big cup-and-handle pattern on the daily chart. Traders are keeping an eye on $218 as the next big level of resistance.
What’s Happening With Solana’s Price?
The daily structure shows that the price has been going up steadily since early August. It broke through the $190 resistance level and cleared a “weak high” liquidity point at $203. Recent price movements also caused a number of Break of Structure (BOS) signals, which confirmed that buyers were in charge. Smart Money Concepts show that there is strong support at $115, and the $140–$150 range has been a springboard for the most recent move.
Cup-and-handle breakout confirmation comes as SOL broke the neckline near $190, with the handle forming between late July and early August. Measured move projections from the pattern point toward $218–$220 as the first upside target.
Why Is The So…
The post Solana (SOL) Price Prediction for August 15 appeared first on Coin Edition.
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Solana (SOL) Price Prediction for August 15
Solana has continued its bullish breakout, which has pushed the price of Solana up to $203.34 today after briefly testing $210. The move comes after a strong bounce back from the $140–$150 demand zone and a confirmed breakout from a big cup-and-handle pattern on the daily chart. Traders are keeping an eye on $218 as the next big level of resistance.
What’s Happening With Solana’s Price?
The daily structure shows that the price has been going up steadily since early August. It broke through the $190 resistance level and cleared a “weak high” liquidity point at $203. Recent price movements also caused a number of Break of Structure (BOS) signals, which confirmed that buyers were in charge. Smart Money Concepts show that there is strong support at $115, and the $140–$150 range has been a springboard for the most recent move.
Cup-and-handle breakout confirmation comes as SOL broke the neckline near $190, with the handle forming between late July and early August. Measured move projections from the pattern point toward $218–$220 as the first upside target.
Why Is The So…
The post Solana (SOL) Price Prediction for August 15 appeared first on Coin Edition.
Read More
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