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🔎 The return of Solana?
As many of you have requested, here is my analysis on Solana (SOL)!
Weekly SOL situation:
📊 Despite the drop in Bitcoin, SOL is still in a primary bullish trend. The correction brought the price back to the bottom of the range at $120.
Here, buyers could react!
Bullish signal:
🔜 conservation of the bottom of the range at $120 and the $110 on closing
🔜 break above the range high at $190 and move beyond the 🔜🔜 moving averages (EMA13/MA30)
🔜 close above $218
🔜 a bullish RSI breaking its downtrend line
Theoretical targets:
👉 2 and 2.618 Fibonacci extensions (between 440$ and 670$)
👉 3.618 Fibonacci extension at $1,340