๐ˆ๐ฌ ๐’๐จ๐ฅ๐š๐ง๐š ๐๐ซ๐ž๐ฉ๐š๐ซ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐š ๐‘๐š๐ฅ๐ฅ๐ฒ ๐ญ๐จ $๐Ÿ‘๐Ÿ–๐Ÿ“?๐ŸŽฏ๐Ÿ”ฅ๐Ÿšจ

Currently trading at $189.43 (-7.13%), Solana ($SOL ) has faced a downturn since reaching its peak on November 22. The cryptocurrency has fallen below the critical 1-day MA50, reflecting weaker performance compared to Bitcoin's robust gains. While this scenario might seem concerning, it's a familiar pattern for Solana.

Drawing parallels to its July-August 2023 trend, SOL is mirroring the post-Channel Down correction from that period. During that phase, the price also dipped under the 1-day MA50 but subsequently regained momentum. Not only did it recover, but it surged past the 2.0 Fibonacci extension, achieving remarkable gains.

This recurring behavior suggests a potential rebound could be on the horizon. Buying at current levels with a target of $385 could prove to be a strategic move for those eyeing significant returns. The technical patterns are aligning, hinting at a possible repeat of Solanaโ€™s historical recovery trajectory.

What are your thoughts on SOLโ€™s next move? Share your insights, follow us for more updates, and donโ€™t forget to engage by leaving a comment!

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