Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price By Cointelegraph

Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

Cryptocurrency May 24, 2022 03:20PM ET

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Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

Solana (SOL) price has begun to consolidate in a tightening range and if the wider market remains stable, it’s possible that SOL could break out in the short-term.

SOL’s upside potential in the short term could be significant with the move, itself, occurring quickly. The 2022 Volume Profile between $53 and $90 is extremely thin, indicating that any daily close above $53 would easily move towards the next high volume node in the $90 value area.

SOL/USDT Daily Chart (Binance) Source: TradingView

SOL/USDT Daily Ichimoku Kinko Hyo Chart (Binance) Source: TradingView

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Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

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