solana to the moon
using sol/usd 1D auto/log scale
I first made a fib channel from token launch to the top of 2022 and dragged it out to 2025. To my surprise It had quite a few interesting points of contact, the more you look the more there is, pretty meaningful to me.
Then I made fib retracements for all the major rallies, there seemed to be a lot of support resistance around the fib levels 2.618 / 3.618 / 4.236 / 4.764.
I couldn't find any meaningful patterns with the other fib levels so i deleted them.
looks like we're going to 700 - 1200$ in mid- late 2025 if the pattern holds one more time, and so far we're 4/4.
also, the fib channel would seem to imply that we are fire sale prices right now, interesting the same thing is reflected in the long term btc fib channel. Something about the truncated CV rally seemed to keep us moving sideways. I suspect this is institutional whales accumulating and keeping us in this channel until something pushes back (halving).
glhf
not investment advice.
I first made a fib channel from token launch to the top of 2022 and dragged it out to 2025. To my surprise It had quite a few interesting points of contact, the more you look the more there is, pretty meaningful to me.
Then I made fib retracements for all the major rallies, there seemed to be a lot of support resistance around the fib levels 2.618 / 3.618 / 4.236 / 4.764.
I couldn't find any meaningful patterns with the other fib levels so i deleted them.
looks like we're going to 700 - 1200$ in mid- late 2025 if the pattern holds one more time, and so far we're 4/4.
also, the fib channel would seem to imply that we are fire sale prices right now, interesting the same thing is reflected in the long term btc fib channel. Something about the truncated CV rally seemed to keep us moving sideways. I suspect this is institutional whales accumulating and keeping us in this channel until something pushes back (halving).
glhf
not investment advice.
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