$SOL

🚨Solana Price Regains Momentum: Eyes $206 Before the Weekend🚨

Solana (SOL) recently rebounded from a technical confluence zone. The technical formation consisted of an intersection between the ascending trendline and a golden Fibonacci retracement range (0.61 to 0.7). This configuration suggests that the Solana price might be preparing for a new bullish impulse.

Additionally, with the Stochastic RSI in oversold territory, this indicates that the Solana price has potentially found a local bottom. This type of technical setup often precedes significant upward movements in trending markets. As observed in its previous movement, the risk of a correction between $155 and $140 is still present if SOL fails to maintain momentum.

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