SOLUSDT : Small Pullback Before Next Leg Up?

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Solana (SOL) is currently experiencing a pullback, but the longer-term outlook remains bullish. On the 1-week chart, SOL is sitting in the top half of an upward channel. The RSI is at the bottom of its range, indicating potential for upward momentum in the coming weeks. The current pullback could find support at the Fibonacci retracement level of 0.168, making this an attractive buy zone for a longer-term hold.

Key Levels :

- Support : Fibonacci retracement level 0.168

- RSI : Bottom of the range, signaling a potential push upward.

Conclusion :

SOL's current pullback may offer a good entry point for long-term investors, with a bullish trend still in play.

Advice for Investors :

Consider entering around the 0.168 Fib retracement level for a longer hold, while monitoring the RSI for signs of upward movement.