SOL 0.786 FIB level
Charting SOL's recent price actions, we observe a December 2022 nadir of $8, followed by an ascent to $27. Subsequently, a retracement brought SOL's value down to $12.6, closely aligned with the 0.786 Fibonacci retracement level. This dip was followed by a renewed upward impulsive movement propelling SOL to its zenith at $33.4, which has once again been succeeded by a retracement phase.
A scrutiny of the Fibonacci retracement levels within this price oscillation reveals a notable 0.786 retracement level situated at $17. This particular level not only represents a robust support for SOL but also coincides with the lower trendline of the parallel structural movement observed in SOL's price action.
A scrutiny of the Fibonacci retracement levels within this price oscillation reveals a notable 0.786 retracement level situated at $17. This particular level not only represents a robust support for SOL but also coincides with the lower trendline of the parallel structural movement observed in SOL's price action.
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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.