$SOL Should you buy $SOL now?

$SOL has been trending 🔥 recently and with all the news about ETF launches (Grayscale recently applied to the New York Stock Exchange to launch an ETF for SOL in the U.S.), you feel FOMO but are not sure what a reasonable price to buy is 🤔. Below I conduct a Fibonacci retracement analysis to provide an approximate understanding of SOL's potential.

Overall, SOL is experiencing a bullish trend ✨- SOL is forming lower highs and higher lows, and is gearing up for a breakout in the short term. But when 🤔? If SOL can maintain the 38% resistance level, which is approximately 243 USDT, SOL could break out 🚀 in the week around January 31 and potentially form a new ATH, with a target of >286 USDT.

Thus, between 259 USDT (26% resistance level) and 243 USDT is reasonable 👌, while between 230 USDT (50% resistance level) and 243 USDT is a very good price to buy 😀🔥.