From a mathematical point of view, it is highly likely that 199 is the top for Solano! Atleast I believe Solano will experience a correction from here and it will take a while for it to gain momentum once again..! first support at 134..! Do you know why?
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This analysis is valid unless Solano closes above 200!
The first support level is at $134 because that is where the first red bar (or pull back) occurred in September. The next would be $106, then $91, followed by $70 and so.
UGotOptions
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This I highly disagree with when you look at the Fundamentals of SOL. Solana will be at 500 by the end of the year. It's been pumping for the last month for a reason. Let me sum it all up in 4 words.
In Solana we Trust
Moshkelgosha
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@UGotOptions, but it seems Solana doesn’t trust you ..!
bchanco
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It’s printing a Bull flag imho. I think we consolidate around here and pop back up soon
Mihai_Iacob
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Keep them coming
manifresca
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Is it because we met a fib ext during price discovery that has high predictability to pullback from?
klugook
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still feels strong atm.. but i think this might be a temporary top too! whats your base? im calling a fib top :)