$SOL Should you buy $SOL now?

$SOL has been hot ๐Ÿ”ฅ recently and with all the ETF launch news (Grayscale recently applied to NYSE to launch SOL ETF in the US), you are feeling FOMO but not sure what is a fair price to buy ๐Ÿค”. Below I have done a Fib retracement analysis, to give you a rough understanding of SOLโ€™s potential.

Overall, SOL is trending up โœจ- SOL is forming lower highs and higher lows, and is preparing for a breakout any time soon. But when ๐Ÿค”? If SOL can hold the 38% resistance level, which is roughly 243 USDT, SOL could breakout ๐Ÿš€ 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 ๐Ÿ‘Œ, while between 230 USDT (50% resistance level) and 243 USDT is a very good price to buy ๐Ÿ˜€๐Ÿ”ฅ.