Current price of SOL: $151.99
• Has reached the Fibonacci 0.382 level (around $150.00) and is attempting to break through.
📐 Key Fibonacci retracement levels:
• 0.382: $150.00 (currently oscillating around this level)✅
• 0.618: $164.14 (target level)📈
• 0.66: $166.73 (a slightly higher potential resistance)
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🔑 Technical assessment:
1️⃣ Bottom uplift structure has been established
• Starting from $126, forming a daily higher low;
• Currently, the daily candle is bullish with increasing volume, and the price has stabilized above $150 for the second time.
2️⃣ Short-term resistance at $158.5
• Previous high point, also a local supply zone;
• If it can break through with volume, the $164-$166 area is likely to be reached.
3️⃣ Good volume coordination
• Volume has significantly increased during the recent upward trend, indicating support from funds.
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📌 Conclusion:
SOL is expected to challenge the 0.618 ($164.14) level, provided it breaks through the resistance zone at $158.5.
If it can effectively stabilize above $158.5, the target will point to the $164~$166 range.$SOL