Solana (SOL) has been consolidating in a six-month downtrend range close to its all-time high (ATH) from 2021. As the cryptocurrency loses momentum from the impressive 2023 rally, trading experts weigh in on the “best entry” price target.
In particular, FieryTrading posted a long-term technical analysis on TradingView this Saturday, August 31, highlighting his entry price target. According to the trader, he is “waiting for the best entry” in a “bullish triangle” chart pattern dating from 2021.
The triangle had its bottom at $1.0 per SOL on December 21, 2020, with three following higher lows. First, at $8.15 in December 2022, followed by June and September 2023’s $13 and $17, making historical ideal entry points.
FieryTrading believes Solana may visit the bullish triangle’s support soon, projecting a price target of around $71 by January 2025. Nevertheless, his “best entry” point may happen sooner or later, adjusting the price target accordingly to the s
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