#SOLETFsOnTheHorizon

Should you buy $SOL now?

$SOL has been hot 🔥 lately and with all the ETF launch news (Grayscale recently applied to NYSE to launch a SOL ETF in the US), you’re feeling FOMO but not sure what a fair price to buy 🤔 is. Below I’ve done a Fib retracement analysis, to give you a rough understanding of SOL’s potential.

Overall, SOL is trending up ✨- SOL is forming lower highs and higher lows, and is preparing for a breakout any time soon. But when 🤔? If SOL can hold the 38% resistance level, which is roughly 243 USDT, SOL could breakout 🚀 in a week around Jan 31st, and potentially form a new ATH, targeting >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 😀🔥.