(Bullish) Solana’s Tactical Horizon: Key Support at $210 Driving Short-Term Acceleration to $340

Market & Ticker: Solana - SOL/USDT 

Date: 20/01/2025 
 
Horizon / Timing:  Mid-term / 1 to 3 months 

Strategic Long-Term Horizon (6 to 12 months) 

Solana (SOL) reached its first Strategic Target of 260, defined in December 2023, and maintains upside potential toward 580 for 2025. 

Tactical Mid-Term Horizon (1 to 3 months) 

After testing resistance near its previous high (260), SOL is currently accelerating to the upside, resuming its upward trend toward 340. In the coming days, we anticipate further bullish momentum driven by heightened activity on the Solana blockchain, including the launch of several significant thematic tokens such as Trump Meme and AI Agent. 

As long as 210 holds as a Tactical Key Support, any dips can be viewed as buying opportunities to anticipate a test of 340. A sustained breakout above 340 would confirm the potential for a move toward 580 in the longer term. 

Alternatively, if 210 fails to hold, the market could see a final downswing toward 175 and 155, which are considered major buying levels on a Strategic Horizon for 2025.  

Technical Key Elements: 

- Acceleration in progress toward the exit potential of the range at 340 
- RSI indicator is at 50% - positive 
- The Moving average are support 
- Fibonacci key support is adjusted at 120 and 210 while the Elliot wave shows upside potential towards 340 

 
Trade Idea conclusion:  Buy  

Strategic Target 580 

Tactical Target 340 

Tactical key support (Pivot) 210 (Daily close) 

Alternative Tactical Target 175 and 155 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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