SOL - Updated Chart
2025-01-06
Category: None

For Sol we are still seeing a continuation higher. This is after a breakout of our ascending triangle (white line) and a breakout of our falling wedge (green lines). 

If BTC holds above $100k we should see sol initially rise to the $230 level followed by the $245 level in the short term. But if we get one more drop look for longs in the green box. This would put price between $198-$202. Since there are so many converging trendlines at that level it would be a likely spot for bulls to step back in if we are gracious enough to revisit that level. 

