The Fibonacci retracement analysis for SOL/USDT shows the following key levels based on the price range:
• 0% (High): $264.39
• 23.6%: $225.13
• 38.2%: $200.84
• 50%: $181.21
• 61.8%: $161.58
• 78.6%: $133.63
• 100% (Low): $98.03
Market Outlook
• Current Price ($226.83): SOL is trading near the 23.6% retracement level, which suggests strong bullish momentum.
• Bullish Scenario: If SOL holds above $225 and breaks past $264, we could see further price increases.
• Bearish Scenario: If SOL falls below $225, retracement to $200 or $181 is possible.
January 2025 Prediction
By January-end 2025, if macroeconomic and market conditions remain favorable, SOL could aim for a new high above $264.39. Conversely, in case of market corrections, expect support levels around $181 or $200.
