Solana (#SOL/USDT ) Price Analysis: Poised for Rebound and Uptrend
The Solana price is approaching a critical support level, the Fibonacci 0.618 zone, around $150-$160. This key level is expected to spark a rebound, initiating a bullish trend.
Trade Strategy:
1. Buy Zone: Place buy orders in the $150-$160 range, as the price approaches the Fibonacci 0.618 level.
2. Stop-Loss: Set a stop-loss at $130, slightly below the Fibonacci 0.786 level, to minimize potential losses.
3. Targets:
Target 1: $262
Target 2: $301
Target 3: $338
By following this strategy, traders can capitalize on the anticipated rebound and uptrend in Solana's price.
