$SOL | Brief Overview
This year, Solana printed a new all-time high at 295.83,
then declined below the 2023 close / 2024 open (101.72) and the 2025 low at 95.26.
Over the past three months, the decline has stalled near the 62% Fibonacci retracement of the Dec 21 low – Jan 25 high move (weekly chart).
This level aligns with the midpoint of the March–April 2025 order block zone.
Possible scenario:
If confirmed, price moves above 146,
then advances toward the 50% Fibonacci level at 185.86 of the latest downswing.
From there, price is expected to stall within the zone between the 2022 and 2025 opens,
or move slightly higher toward the 38% Fibonacci level (201),
forming a classical head and shoulders structure,
followed by a reversal and a subsequent decline below the 2024 open.
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