#SOL is technically poised for a strong upward leg, targeting $259 → $298 → $336 if current momentum sustains. The breakout and retest validate bullish sentiment in the mid-term.
Solana has broken out from a descending channel and successfully retested the breakout zone, signaling a potential bullish continuation. The price action forms a classic reversal structure followed by a retest, indicating strong momentum.
🌈#Bitcoin Rainbow Chart 2024-2025 The Essentials Bitcoin is currently in the yellow-orange zone ("Still heap" > "HOLD") indicating U recovery phase after the bear market. Key Points Post-2024 Halving: Reduced $BTC issuance could trigger a new bull cycle. - ETFs and Institutions: ETF approval in the U.S. may open the door for large-scale capital inflows. Price Scenarios: Optimistic: $80,000-$150,000 by 2025 (bubble territory). - Realistic: $70,000-$120,000 in 2024 (steady growth). - Pessimistic: Below $70,000 if macro conditions worsen. Key Influencing Factors Regulation (SEC actions, lawsuits) ⁃ Inflation and Fed interest rates. - Tech development (Lightning Network, Layer 2 solutions) Conclusion Now is a good time to accumulate. The halving, potential ETFs, and improving market conditions could drive strong growth by late 2025- but keep an eye on regulatory and macro risks. Which scenario seems most likely? Share your thoughts 🤔