Current Situation:

The current price of #SOL is $108.

It's crucial to maintain support at $98.

Price Targets:

The goal is to achieve a peak between $129 and $157.

This range is expected to be a consolidation zone with a potential strong bounce and correction of around 58%, targeting an initial goal of $64.

Bearish Scenario:

If the support at $64 is broken, the next target is $49.

This level is anticipated to be a strong rebound area.

Critical Resistance:

The analysis suggests that failure to break and close above $157 might lead to a retracement.

Timeframe and Event:

A significant movement is expected on February 2nd and 3rd, 2024.

Summary:

Breaking the resistance at $157 could target $200.

The range between $129 and $157 is considered a consolidation and reflection point.

$SOL