๐ $SOL Price Update โ Key Support Levels in Sight! ๐
After a strong uptrend supported by a clean ascending trendline, $SOL has broken below the key trendline support for the first time in months. ๐จ
๐ What the chart shows:
Price rejected at $253.35 (local high).
Currently sitting below the 0.382 Fib level at ~$218.60.
Eyes now on potential support zones at:
๐น $204.67
๐น $193.05
These levels align with the 0.5 and 0.618 Fibonacci retracements.
๐ Volume is rising, suggesting increased trader interest โ but will buyers step in at the golden pocket (0.618)? Or are we headed for a deeper correction?
๐ Watch these zones closely. A bounce could mean continuation of the bullish trend โ but failure to hold may lead to further downside.
Whatโs your next move on $SOL ? Long? Short? Waiting for confirmation? Drop your thoughts below! ๐