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$SOL /USDT โ Does it need to pull back towards MA50 before launching to $310?
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$SOL is trading within an upward channel that started from the lowest level on June 22
๐ The channel extends deeper into a Fibonacci channel that began from the market bottom on April 07
๐ The price is currently retreating after a rise of +63.22%
๐ The same pattern occurred previously:
โช๏ธ Strong rise
โช๏ธ Pullback towards 1D MA50 + Fibonacci level 0.5
โช๏ธ Then a rebound towards a new peak
๐ง Expected scenario:
๐น The current correction may test MA50 (the blue line)
๐น If support is maintained, a new increase of +63.22% is possible
๐ฏ Technical target: $310
๐ Indicators support the pattern:
โช๏ธ Ongoing upward channel
โช๏ธ Dynamic support at MA50
โช๏ธ Recurring fractal pattern accurately
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๐ฒ Channel
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