Technical analysis by MikeXman about Symbol SOL: Buy recommendation (12/2/2022)

SOLUSDT Looking for Solana to break out of this consolidation pattern and follow suit with bitcoin. Seems like it is a bit delayed in the breakout and if the bitcoin long play continues, I have a price target of around 23 for Solana. Looking for a couple of bullish weeks for a healthy retest of the MAs before probably going lower once again.Daily seems to have broken outShould head back up if SPX holds, still think market tests higher levels of the range for a few weeks before we set new lows. Could also see the scenario of lows being in but trading sideways for a few months. Right now I get the sense it will be another Solana summer