SOL is breaking out of its channel. With the upcoming news on potential rate cuts, anything could happen. From a technical perspective, we’re approaching the 0.78 Fib level sitting right at a strong weekly resistance around $251.88. A fakeout could occur, and prices might possibly drop to the $170–$150 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.