The weekly chart for Solana (SOL) displays an incredibly powerful technical trend shift. After undergoing an extensive corrective sequence, the price has formed a rock-solid double bottom accumulation base right at the major historical 1.0 Fibonacci floor ($110.5000) and has successfully pierced through its multi-month descending trendline!
âđ Key Technical Levels:
âCurrent Situation: Trading at $145.2100, defending the local structural floor as volatility begins to compress.
âImmediate Objective: $185.7793 (0.786 Fibonacci local pivot block).
âGolden Pocket Target: $215.6992 (0.618 Fibonacci milestone resistance zone).
âMacro Peak Target: $275.9078+ (0.382 Fibonacci extension level).
âInvalidation Floor: A weekly close below $95.4500 cancels this bullish breakout structure.
âđĄ Smart Strategy: Build spot or low-leverage exposure within this deep support pocket. Premium risk-to-reward ratio before the next macro expansion wave begins!
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