3 min readSOLANA (SOL/USD):
Solana has had an impressive rally over the past few days, breaking through previous resistance levels. Currently trading at just over $218.00, could a new all-time high be next?
Taking a closer look at the technicals, we can now apply the Fibonacci tool to map out the most recent price movements and identify potential pullback levels for re-entry, aiming to ride the trend higher. This technique works particularly well in trending markets. The RSI indicator, however, is signalling that the price may be “overbought” in the short term.
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