Solana most likely is preparing for the next big move. Solana (SOL) currently is presenting a very beautiful position in the swing point 85 which was the breakout area in August 2021 ago. The chances of a dip to the 67s remain with a very small probability and may occur very briefly in the form of a pin bounce. Solana is currently in a range-bound phase between areas 83 and 127, even tends to squeeze and coily, which means that Solana really seems to prepare a next explosive big move. Most likely, the key swing point 245s that has been touched by Solana in November 2021 possibly be retouched again in the next 3 to 4 months (May or June 2022). 

Investment idea: This is a very good position and momentum for investing or increasing investment in Solana because it is at the swing point that flips the previous breakout area.  Solana seems to be in a squeezed form for preparing a big move towards the second peak.

Please take a look at the following SOL/USD chart as the basis for my technical analysis of the structural price action method, which is quite simple but very logical. The chart is taken from Tradingview.com on February 22th, 2022.

Disclaimer: This article is based on my research and personal opinion. This is not an order or an invitation to do. Investing in the cryptocurrency market provides both benefits and risks. Every investment decision is the responsibility of the individual who made the decision. Please invest according to your personal risk profile. 

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