Solana’s (SOL) price chart is serving up a pivotal moment as it bounces right off the fabled Golden Pocket—the crucial Fibonacci 0.5–0.618 retracement zone between $166.63 and $157.13. This isn’t just a random level; it perfectly coincides with a historical demand zone that’s rescued SOL before and now offers swing traders a juicy risk-to-reward play.
The setup is electrifying:
- After pulling back from its swing high at $188, SOL entered a corrective phase, but the bounce at the Golden Pocket may signal the start of a new bullish wave.
- If SOL holds the $157–$166 range and surges above $179–$188 with volume, eyes are set on targets at $205, $218, $257, and even $295 for those riding the macro trend.
- This confluence of support and technical pattern creates a textbook area for a bullish reversal—provided the price holds and volume supports the move.
But it’s not all blue skies. If sellers take control and SOL closes below $157 with strong volume, bears could drag the price down to support zones at $140, and deeper at $122–$110, flipping the script for a medium-term downtrend.
Bottom line: SOLUSDT is standing at a high-volatility crossroads. Monitor upcoming candle closes and volume—confirmation here could mark the next explosive phase for Solana. Bulls and bears: your next move starts now!