solana:So11111111111111111111111111111111111111112 | Solana Market Analysis | Weekly/Daily/Hourly
1W: been stuck in range of weekly candle from first week of February for five months now, range lows 67.5 range highs 106
failed to breakdown during high volume selloff + peak fear last month & reclaimed range, now retesting key weekly resistance level 81.5-88
1D: volume profile of the range shows majority of the action has happened between 78-92, w/ POC around 85, close to where we topped out at on this rally, the inefficient down move from 83 to 60 has been fully filled, on daily believe closes through June highs @ 83 would push us back to range highs, usually when you fail to breakout to one side of the range and reclaim you end up retesting the opposite side of the range
am betting on us forming a higher low here in the mid 70s but believe price action will be choppy until we cleanly trade above the topside of this range > 106
good place to accumulate spot position for long term with weekly dollar cost avg buys, inval if we lose the lows from June
1H: retesting low TF demand at beginning of Q3 before breaking mtf range to upside, believe good spot to look for longs 72-75 w/ invals < 71 going into next week expecting retest of 83-85, extended targets 106 & then 150+ later in Q3
A lot of you hated me for this
$SPCX is now down -45% and trading below its IPO price
First unlocks start August 6th
$670B unlocks between now and Q1 2027
Almost all the major ones clear by next winter, by early December, ~40% of SpaceX's total shares will be freely trading
That's your bottom
Until then, let the employees and early backers take their 1000x+ and leave
I'll be a buyer at $1T and lower