I can remember easily when SOL was trending at 12$. Now it is trending 15times more than 12 dollar. I didn't even think that SOL would touch 100$. According to its 2022 low, It is now on 23x. For a normal altcoin, it is likely impossible. But Solana did it. On December 29 2022, SOL dumped to 8 USDT. But truly SOL was in big trouble at that time. Actually, everyone was expecting that SOL would bounce back from around 25 USDT.
23 TO 30 was the biggest key zone for SOL. But Solanas movement wasn't so good at this level. I was literally confused should I buy or not. Although, It was deep but I wasn't so comfortable with this range just because of its choppy movement. I think that time SOL got so much bad news which impacted the market, otherwise I can't see any reason to break this such a big demand zone.
SOL Is now on a big uptrend. I think will touch the all-time high (259). There are no supply zones except the all-time high.
Let's discuss it through some indicators. RSI, if we look at rsi there's no uptrend , there's no upward momentum on that. It is trending totally flat. I think this is a correction of the RSI. The price is going high but the RSI looks flat that's truly somehow a good sign for Solana.
On 3 hour timeframe 160zone looks like a very good zone for long. Actually, on the lower timeframe the market kinda flat, trying to break high. If we look at market cap is pretty good too.
So if we want to take trade we can buy it on 160 to 170 zone. I think this is now a key zone for taking a long trade.
The RSI making corrections, the market cap is going higher and Daily candles are showing a nice upward moment. I think this could be a great trade.
