There are still voices calling for prices of 400 and 600, but unfortunately the chart says otherwise.
This analysis was published five months ago, and it is now confirmed by breaking a weekly close below the support of the Wyckoff model $SOL which indicated a target level of 58, and today it is being reviewed and confirmed.
58
The first target for the Wyckoff distribution model.
41
The main target of the model, and from this area the accumulation phase begins.
Those who wish to invest for the long term should start gradual accumulation from 58 down to 41, rather than buying in one go.
We are currently in a bear market,
It reaches these prices in August to the end of the bear market in October, so any upcoming rise is for exiting, and the related parties are exiting with minimal losses.
The bear market is for accumulation and building positions, not for making quick profits.
Potential profit taking could be during 2028 – 2029.
Summary:
Patience and capital management are more important than chasing illusory goals.
