Technical analysis by JayEasy about Symbol SOL: Buy recommendation (8/4/2025)

This is a possible scenario idea I have in mind for SOLUSD that I want to share with everyone. Keep in mind that this is not an advice to buy, it should be your decision to buy this specific asset. There are 4 reasons I am thinking that we are (still) on our way to a new ATH for Solana and why I am extremely bullish on this specific crypto asset: 1. The orange man is pushing the FED for rate cuts for weeks: there already are some numbers (f.e. low inflation) out there that this might happen THIS week! 2. There is enough volume on 150$ & 170$ levels. We will are still on our way up! 3. The common crypto cycle is still happening: BTCUSD have bounced perfectly from the 112$k level and continued to move up, whales and other big guys are still buying BTCUSD at this time which is very bullish (another ATH is inevitable!) -> if the cycle repeats itself, BTCUSD will probably crash afterwards just like previous cycles -> this will be followed by a new ATH for ETHUSD -> after that, SOLUSD will be the next one to set a new ATH afterwards, just like back in Q4 2024 & Q1 2025. The higher ETHUSD will go the better it will be for alt coins like our baby Solana. 4. Solana is not even close to its former ATH: stepping in right now, will make larger profits later. 5. Last but not least: ETF approvals are still on the way! The ATH I have in mind that will be set for Solana will be between 400$-600$ or with some luck, even higher. Some people might not be happy in the way SOLUSD is performing right now, but I only learned one thing: that patience makes money when it comes to crypto. For everyone that is thinking about stepping in, I think there is still time to make profit from here on (but then again, of course at own risk, at all times!). Another thing I want to add to this idea is to watch out for the first retracement/resistant level: this might be around 225$-234$ as shown in this Graph. Because there was more selling volume in Q1 2025 at that level. Hope you liked my idea & graph about SOLUSD. Good day and happy trading everyone!Correction: rate cuts would possible be in September. UK has done it today. In the meanwhile, we broke 170$. Let's proceed the way up :)