Analyst: Solana (SOL) $140s Target Backed by Key Market Factors

Pratty Crypto sees confluence in the high $140s for Solana.
Factors include the previous quarter’s mid-range, quarterly open, and 62% retracement.
Analyst Pratty Crypto published an analysis of Solana (SOL), indicating that there is a lot of confluence preparing to bid in the high $140s zone.
He cited variables such as the discount of the previous quarter’s mid-range, the quarterly open, a 3D order block, and a 62% retracement of the rally from the lows. He warned that the further SOL penetrates the order block, the less likely it is to hold.
$SOL
A lot of confluence lining up to bid high $140s.
– Discount of previous quarter’s mid-range– Quarterly open– 3D order block– 62% retracement of run up from the lows
The deeper we go into the OB, the less likely it holds. pic.twitter.com/lXjHNNhcQ7
— ً (@PrattyCrypto) August 2, 2024

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