$SOL breaks 200$ so what's next?
I expect an approach closer to the ATH level, but let's consider from a distance, what's going to happen in the next few years?
Looking at the global chart, I see that we are almost at the apex of the so-called triangle.
Theoretically, after the ATH removal I would not rule out the possibility of a decline to the lower boundary of the triangle to the golden Fibonacci ratio. That's a range of around $70 as you can see.
Further, if the price breaks the ATH again, it may rush to the 1.618 level, which is in the area of $2,200 per 1 SOL.
Does that sound like something out of the realm of fantasy? Maybe, I agree with you.
But what if this ecosystem continues to evolve and then we are in for another huge wave of retrodrops in the Solana ecosystem.
I'm really curious as to where the price of this coin will peak in this bull run. Well, let's give up fantasies and just take part in it, but also remember about profit taking.