cryptodads

SOL potential tops

Like BTC, SOL also has a channel it has been respecting.

These upward channels rarely break to the upside.  The exception being when their is a parabolic move up, which we know crypto is capable of.

The top of this channel will probably not go down easily and the number depends on how long it takes to get there.

The longer it takes, the higher the top of the channel.  If we assume this happens sometime in 2025 then we are talking around $315 to $350.

However, if we head into a parabolic phase then the 1.618 is at $418.50 and the 2.618 is at $618.34.

**SIDE NOTE**

Another great example of Fib levels working.  When we were at max fear in April, SOL dipped into the golden Fib retracement zone which marked the best buying opportunity.