SOL/USDT 🪙 ANALYTICS
📰 Against this news backdrop, the coin dropped by ~16% as those platforms were built on its blockchain. We saw a slight recovery, but the downward movement continues.
▶️ First, I'll note that we're currently in an ascending parallel price channel - specifically at the lower boundary. I rather expect a breakout beyond the boundary into the strong support zone at $125.87-$140.32, where a large volume of buy 🪙 orders is concentrated, followed by an upward bounce.
Beyond the boundary, I'll be accumulating long positions. I've identified 👉 4 upside targets: $158.8 $168.36 $179.41 $187.71