SolanaLong
SOL possible breakout coming
I drew a downward looking trendline from back in 2021 that looks consistent with the past couple of years price action.
As you can see SOL retraced to the 2021 bull market .618 fib level. Breaking above the blue trendline could result (at least) in a retest of 2022 bear market 0.50 fib level. It also aligns with the $45 resistance.
As you can see SOL retraced to the 2021 bull market .618 fib level. Breaking above the blue trendline could result (at least) in a retest of 2022 bear market 0.50 fib level. It also aligns with the $45 resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.