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