Uptrend and downtrend fibo channels can be seen in the chart. There are three possible scenarios that must be followed according to the monthly closes. Right now price is in the uptrend support. If this line breaks this month and holds under, it could be a disaster for Solana.
But no proper retest of the upper uptrend fibo channel line may suggest price going up in the upcoming months for retesting.
But no proper retest of the upper uptrend fibo channel line may suggest price going up in the upcoming months for retesting.
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Monthly close above the red fibo trendline will make the price go to the upper green fibo line.
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Monthly close above the red fibo trendline happened. Next target is 60 (the upper green fibo line) now.
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FIB 0.5 still pending.