Technical analysis by HenrikDaCrypto about Symbol SOL: Buy recommendation (10/29/2024)

The upcoming US-Election is coming closer and closer with only 8 days left till election day. As we all know Trump supports cryptocurrencies and might give Bitcoin a boost. If Bitcoin can stay stable above 70k until the election, I think that there will be a new ATH in November. Solana just broke out of this big long-lasting pattern, which is very important for the further price development. The target of this pattern lies at around 280-380 dollars. I think Solana will reach the top in late Q1 2025/ early Q2 2025. I expect the top to be at around 400 dollars.