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The current price of #SOL is $108. It's crucial to maintain support at $98. Price Targets:
The goal is to achieve a peak between $129 and $157. This range is expected to be a consolidation zone with a potential strong bounce and correction of around 58%, targeting an initial goal of $64. Bearish Scenario:
If the support at $64 is broken, the next target is $49. This level is anticipated to be a strong rebound area. Critical Resistance:
The analysis suggests that failure to break and close above $157 might lead to a retracement. Timeframe and Event:
A significant movement is expected on February 2nd and 3rd, 2024. Summary:
Breaking the resistance at $157 could target $200. The range between $129 and $157 is considered a consolidation and reflection point. $SOL