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Solana has been consistently climbing in value over recent months, with the potential for further gains if it maintains its bullish momentum around $177. Currently, a new support level is forming around this mark, and a close above $184.004 could propel Solana's price to $321.652. Conversely, a failure to sustain this support may lead to a pullback to around $154.892. Considering Solana's robust ecosystem and its ongoing uptrend, my outlook leans towards continued upward movement. The strength displayed by the coin, coupled with its resilient ecosystem, suggests that a new local high is within reach, especially with bullish sentiment prevailing among investors and traders.~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

The local market trend is gradually shifting towards an uptrend.Recent bullish momentum suggests that buyers still have room to drive the market higher.Following a minor pullback, a new local resistance level is likely to form at $75,873 once the price closes above 68,718.Conversely, failure of the upcoming support level could lead to a significant reversal towards $50,678.Remember, effective risk management is crucial. Always secure your profits to avoid unexpected market movements.Wishing you a prosperous week ahead.~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

Despite the current overbought status of the market, bullish sentiment remains strong with a target set at $56,154.However, a minor correction to $51,653 is expected before the anticipated spike.Conversely, if the current support level fails, a reversal to $48,473 is probable before a bounce-back to $56k.Upon reaching $56k, a significant reversal could occur, potentially driving the market toward the $37k zone in the coming weeks to months.~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

As we assess the current market dynamics of Bitcoin (BTC), it's evident that the bullish streak, which has persisted for the past week, is gradually winding down, hinting at an imminent reversal in the near future.Over the recent days, sellers have been steadily gaining traction, laying the groundwork for a shift in momentum that could drive prices downwards. Once the requisite resistance levels are firmly established, we anticipate a notable bounce-off, likely around the $51,102 mark.Looking ahead, it's conceivable that following the consolidation phase at the resistance levels, BTC's price trajectory may oscillate within the range of $45k to $51k before initiating a reversal, potentially dipping to 41K and subsequently the $34k zone.It's imperative to exercise discretion in trading activities when levels are being built.Remember, trading daily isn't obligatory, and sometimes it's prudent to observe from the sidelines, especially when clear signals from Price Action are lacking.Risk management is everything!Wishing you all a Happy Valentine's Day, filled with love and prosperous trades 🌹~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

A few days ago, I posted my analysis here, and I'm thrilled to see it nearing its target price (TP). It's been an incredible journey, and I'm deeply grateful for the opportunity to share my insights and potentially enrich the lives of many through my analysis. I extend my heartfelt congratulations to all those who have traded based on this analysis and wish them continued success in their endeavors. It's moments like these that remind me of the power of collaboration and the ways in which we can all contribute positively to each other's journey in the market.

After more than five days of consolidation, it appears that the current phase is drawing to a close.The Bullish momentum is on the rise, indicating a potential breakthrough above the current resistance zone, likely propelling the price towards $49k.Conversely, if the bearish pressure overwhelms the bullish momentum at resistance, a retracement towards $40k and possibly $38k could occur.What's more, the emergence of hidden Bullish Divergence suggests a probable upside breakout and alignment with the previously mentioned scenario.In addition, recent market trends, volume and a couple of confirmation layers further support the notion of an imminent upward movement in price.Remember to always trade with caution and wait for the levels to be fully developed before you open any position.Risk Management is key.~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

𝐁𝐓𝐂 𝐔𝐏𝐃𝐀𝐓𝐄 🏓The bullish momentum in BTC has shown signs of weakness since the middle of last week. However, navigating the current market conditions is proving challenging due to increased manipulative activities, raising concerns about the safety of potential trades.As this week unfolds, it's anticipated that BTC might close below the $43,275 mark, signaling a downward move to approximately $38,662. This pullback could result in the formation of new support levels within this zone. Subsequently, a bounce off this established support is expected, aiming to retest previous resistance before making a breakthrough towards the $50,654 target.On the flip side, if BTC manages to close above $43,744, the next area for retesting is likely around $47,067. Following this, there may be a build-up before a potential sharp pullback to the initial support level.For more market updates, consider hitting the follow button.~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

The bullish momentum on higher timeframes is currently losing strength. However, the lower timeframes show an oversold market with the potential for forming a departure leg.Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between $40k and $43k.If the price breaks support at $40,275, a retest at $36,748 may occur. Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.Remember to be cautious during choppy market conditions and consider staying on the sidelines. Trading isn't mandatory every day, and preserving gains is crucial.Happy weekend. ✨✨~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘

The bullish momentum on higher timeframes is currently losing strength. However, the lower timeframes show an oversold market with the potential for forming a departure leg.Once this leg is complete, a short-lived bullish move is expected in the coming weeks. And the price will likely range between $40k and $43k.If the price breaks support at $40,275, a retest at $36,748 may occur. Alternatively, a breakout from $43,423 could lead to a retest of $48,840 before a potential reversal.Remember to be cautious during choppy market conditions and consider staying on the sidelines. Trading isn't mandatory every day, and preserving gains is crucial.Happy weekend, tribe. ✨✨~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.